US Congress House Bill 5350 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on May 26 2016 - 25% progression, died in committee
Action: 2016-05-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Energy Storage Act of 2016 Energy Storage for Grid Resilience and Modernization Act of 2016 This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.

Energy Storage Act of 2016 Energy Storage for Grid Resilience and Modernization Act of 2016

Rep. Michael Honda [D-CA]	Rep. Tom Reed [R-NY]	Rep. Christopher Gibson [R-NY]	Rep. Mark Takano [D-CA]
Rep. Mark Takai [D-HI]	Rep. Raul Grijalva [D-AZ]

Date	Chamber	Action
2016-05-26	House	Referred to the House Committee on Ways and Means.
2016-05-26	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5350/all-info
Text	https://www.congress.gov/114/bills/hr5350/BILLS-114hr5350ih.pdf