US Congress Senate Bill 1142 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 12-2-1)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Allows tax credits for (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.

Energy Storage Tax Incentive and Deployment Act of 2019

Sen. Martin Heinrich [D-NM]	Sen. Cory Gardner [R-CO]	Sen. Brian Schatz [D-HI]	Sen. Michael Bennet [D-CO]
Sen. Sheldon Whitehouse [D-RI]	Sen. Mazie Hirono [D-HI]	Sen. Jeff Merkley [D-OR]	Sen. Tina Smith [D-MN]
Sen. Jack Reed [D-RI]	Sen. Cory Booker [D-NJ]	Sen. Dianne Feinstein [D-CA]	Sen. Margaret Hassan [D-NH]
Sen. Susan Collins [R-ME]	Sen. Chris Van Hollen [D-MD]	Sen. Angus King [I-ME]

Date	Chamber	Action
2019-04-11	Senate	Read twice and referred to the Committee on Finance.

HB2096 (Same As) 2019-04-04 - Referred to the House Committee on Ways and Means.
HB5409 (Related) 2019-12-12 - Referred to the House Committee on Ways and Means.
HB7516 (Related) 2020-07-10 - Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/1142/all-info
Text	https://www.congress.gov/116/bills/s1142/BILLS-116s1142is.pdf