Bill Sponsor
Senate Bill 1142
116th Congress(2019-2020)
Energy Storage Tax Incentive and Deployment Act of 2019
Introduced
Introduced
Introduced in Senate on Apr 11, 2019
Overview
Text
Introduced
Apr 11, 2019
Latest Action
Apr 11, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1142
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
New Mexico
Republican
Colorado
Democrat
Minnesota
Democrat
New Hampshire
Democrat
New Jersey
Democrat
Rhode Island
Democrat
Rhode Island
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Energy Storage Tax Incentive and Deployment Act of 2019

This bill 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.

Text (1)
April 11, 2019
Actions (2)
04/11/2019
Read twice and referred to the Committee on Finance.
04/11/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 7:47:17 PM