summary
Introduced
01/28/2021
01/28/2021
In Committee
01/28/2021
01/28/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to extend the advanced energy project credit.
AI Summary
This bill, the Innovative Energy Manufacturing Act of 2021, aims to extend the advanced energy project credit under Section 48C of the Internal Revenue Code. It establishes a program to designate additional qualifying advanced project credit limitation, with an annual credit limitation of $2.5 billion for each year from 2022 to 2026. The bill also clarifies that electrochromatic glass is eligible for the credit, and requires that workers on qualifying projects be paid prevailing wages. Additionally, it mandates the Treasury Department to submit a report to Congress on any domestic job creation and associated wages resulting from the amendment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 01/28/2021)
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/117th-congress/house-bill/507/all-info |
| BillText | https://www.congress.gov/117/bills/hr507/BILLS-117hr507ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr507/BILLS-117hr507ih.pdf.pdf |
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