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US HR4010

US HR4010
Clean Energy Production Parity Act


summary

Introduced
06/17/2021
In Committee
06/17/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th 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.

AI Summary

This bill, the Clean Energy Production Parity Act, amends the Internal Revenue Code to include fuel cells using electromechanical processes for the purposes of the energy tax credit. Specifically, it expands the definition of a "fuel cell power plant" to include those with linear generator assemblies, in addition to the existing electrochemical fuel cells. The bill also specifies that a "linear generator assembly" does not include any assembly with rotating parts. These changes will apply to property placed in service after the date of the bill's enactment, providing tax incentives for a broader range of clean energy technologies.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Referred to the House Committee on Ways and Means. (on 06/17/2021)

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