House Bill 8530
116th Congress(2019-2020)
Energy Opportunity Zones Act of 2020
Introduced
Introduced in House on Oct 6, 2020
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
8530
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.
Salud Carbajal
grade
California
California
No House votes have been held for this bill.
Summary
Energy Opportunity Zones Act of 2020
This bill designates energy opportunity zones for areas that are within 120 miles of a nuclear or coal power plant used to generate electricity that has ceased operations or is scheduled to cease operations within 6 years, or areas that can demonstrate how changes in the nuclear or coal economy have resulted or may result in job losses.
The bill modifies or extends the new energy efficient home tax credit, the nonbusiness energy property tax credit, the investment tax credit, and the tax credit for production of electricity, and establishes a new tax credit for offshore wind and energy storage. The bill also extends through 2050 the tax deduction for energy efficient commercial buildings.
October 6, 2020
10/06/2020
Referred to the House Committee on Ways and Means.
10/06/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:34 PM