summary
Introduced
04/02/2019
04/02/2019
In Committee
04/02/2019
04/02/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to make fuel cells using electromechanical processes eligible for 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 or includes a linear generator assembly eligible for the credit.
AI Summary
This bill, the Clean Energy Production Parity Act of 2019, aims to amend the Internal Revenue Code of 1986 to make fuel cells using electromechanical processes eligible for the energy tax credit. The bill modifies the tax credit for investments in energy property to include qualified fuel cell property that uses an electromechanical process or includes a linear generator assembly, in addition to the existing eligibility for fuel cells using electrochemical processes. The amendments made by this bill would apply to periods after the date of its enactment, similar to the previous rules for the energy tax credit.
Committee Categories
Budget and Finance
Sponsors (13)
Jimmy Panetta (D)*,
Steve Chabot (R),
TJ Cox (D),
Anna Eshoo (D),
Brian Fitzpatrick (R),
John Garamendi (D),
Jackie Speier (D),
Elise Stefanik (R),
Steve Stivers (R),
Tom Suozzi (D),
Mike Turner (R),
Jackie Walorski (R),
Brad Wenstrup (R),
Last Action
Referred to the House Committee on Ways and Means. (on 04/02/2019)
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/house-bill/2040/all-info |
| BillText | https://www.congress.gov/116/bills/hr2040/BILLS-116hr2040ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2040/BILLS-116hr2040ih.pdf.pdf |
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