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Bill > S3229


US S3229

US S3229
Solar and Geothermal Tax Credit Expansion Act


summary

Introduced
01/28/2020
In Committee
01/28/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to provide for an extension of the energy credit, and for other purposes. This bill extends the energy tax credit for certain renewable resources, including solar and geothermal properties, and the credit for residential energy efficient property for five years.

AI Summary

This bill extends the energy tax credit for certain renewable resources, including solar and geothermal properties, as well as the credit for residential energy efficient property, for five years until 2027. It enhances the energy credit for microturbines, combined heat and power systems, geothermal heat pumps, and geothermal energy, and extends the phaseout period for the solar energy property credit and the credit for fiber-optic solar, qualified fuel cell, and qualified small wind energy property.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (on 01/28/2020)

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