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]

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.

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to extend and phaseout the energy credit for certain property.

Sponsors


History

DateChamberAction
2016-05-06HouseReferred to the House Committee on Ways and Means.
2016-05-06HouseIntroduced 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


Bill Comments

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