summary
Introduced
02/05/2019
02/05/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit. This bill modifies the tax credit for investments in energy property to make qualified fuel cell property (certain fuel cell power plants) that uses an electromechanical process eligible for the credit.
AI Summary
This bill, the Linear Generator Parity Act, amends the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit. Specifically, it modifies the tax credit for investments in energy property to make qualified fuel cell property, which includes certain fuel cell power plants that use an electromechanical process, eligible for the credit. This change aims to provide parity in the tax treatment of fuel cells that use electrochemical and electromechanical processes.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (on 02/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/329/all-info |
| BillText | https://www.congress.gov/116/bills/s329/BILLS-116s329is.pdf |
| Bill | https://www.congress.gov/116/bills/s329/BILLS-116s329is.pdf.pdf |
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