Bill > HR5369

This bill, the American Jobs in Energy Manufacturing Act of 2021, aims to enhance the qualifying advanced energy project credit (Section 48C of the Internal Revenue Code). The key provisions include: 1. Expanding the definition of "qualifying advanced energy project" to include projects related to renewable energy, energy storage, grid modernization, carbon capture and sequestration, energy-efficient manufacturing, and electric/fuel cell vehicles. 2. Increasing the total amount of credits that may be allocated under the program by $8 billion, with a limitation of $4 billion for projects not located in certain census tracts. 3. Modifying the application and certification process, including extending the timeline and requiring the Secretary of the Treasury to determine whether certification requirements have been met within 180 days. 4. Directing the Secretary of Energy to provide technical assistance to states, tribes, and economic development organizations that have had limited participation in the program to date. The overall goal of the bill is to encourage investment and job creation in the advanced energy manufacturing sector, particularly in areas that have been impacted by the decline of traditional energy industries.

Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/5369/all-info