Bill > HR1752

This bill proposes to extend the energy tax credit for qualified fuel cell property by amending the Internal Revenue Code. Specifically, the bill changes the expiration date of the energy credit from January 1, 2025, to January 1, 2033, effectively providing an 8-year extension for tax incentives related to fuel cell property. Fuel cell property typically refers to technology that generates electricity through a chemical reaction between hydrogen and oxygen, producing clean energy with water as a byproduct. The amendments will apply to any fuel cell property construction that begins after December 31, 2024, giving businesses and individuals additional time to invest in and develop fuel cell technologies while benefiting from existing tax credits. By extending these tax incentives, the bill aims to support the growth of energy-efficient and potentially low-carbon energy solutions in the United States.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1752/all-info