House Bill 5523
116th Congress(2019-2020)
Energy Sector Innovation Credit Act of 2019
Introduced
Introduced in House on Dec 19, 2019
Origin Chamber
House
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
5523
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.
No House votes have been held for this bill.
Summary
Energy Sector Innovation Credit Act of 2019
This bill allows new tax credits for investment in emerging energy technology and for the production of electricity from such technology.
The bill also allows an energy tax credit for energy storage technologies, including equipment which 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.
December 19, 2019
12/19/2019
Referred to the House Committee on Ways and Means.
12/19/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:14 AM