US HB5172 | 2015-2016 | 114th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 10-3)
Status: Introduced on May 6 2016 - 25% progression, died in committee
Action: 2016-05-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 6 2016 - 25% progression, died in committee
Action: 2016-05-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to extend and phaseout the energy credit for certain property. This bill amends the Internal Revenue Code to extend and modify tax credits for investments in certain energy property. The bill extends the tax credits to apply to investments in certain energy property with construction that begins before January 1, 2022. The extensions apply to investments in: qualified fuel cell property, qualified microturbine property, combined heat and power system property, qualified small wind energy property, and thermal energy property. The bill sets forth a schedule for reducing from 30% to 22% the credit rate for investments in qualified fuel cell property and small wind energy property.
Title
To amend the Internal Revenue Code of 1986 to extend and phaseout the energy credit for certain property.
Sponsors
Rep. Patrick Meehan [R-PA] | Rep. John Carney [D-DE] | Rep. Tom Reed [R-NY] | Rep. Patrick McHenry [R-NC] |
Rep. Ron Kind [D-WI] | Rep. Elise Stefanik [R-NY] | Rep. Michael Fitzpatrick [R-PA] | Rep. Tim Murphy [R-PA] |
Rep. Peter King [R-NY] | Rep. Tom Marino [R-PA] | Rep. Ryan Costello [R-PA] | Rep. Charles Dent [R-PA] |
Rep. Michael Doyle [D-PA] |
History
Date | Chamber | Action |
---|---|---|
2016-05-06 | House | Referred to the House Committee on Ways and Means. |
2016-05-06 | House | Introduced in House |
Same As/Similar To
HB5167 (Related) 2016-05-06 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/5172/all-info |
Text | https://www.congress.gov/114/bills/hr5172/BILLS-114hr5172ih.pdf |