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Energy Storage Tax Incentive and Deployment Act of 2019

USA116th CongressS-1142| Senate 
| Updated: 4/11/2019
Martin Heinrich

Martin Heinrich

Democratic Senator

New Mexico

Cosponsors (14)
Mazie K. Hirono (Democratic)Margaret Wood Hassan (Democratic)Dianne Feinstein (Democratic)Jack Reed (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Michael F. Bennet (Democratic)Tina Smith (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Cory Gardner (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Energy Storage Tax Incentive and Deployment Act of 201 9 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.
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Timeline
Apr 4, 2019

Latest Companion Bill Action

HR 116-2096
Introduced in House
Apr 11, 2019
Introduced in Senate
Apr 11, 2019
Read twice and referred to the Committee on Finance.
  • April 4, 2019

    Latest Companion Bill Action

    HR 116-2096
    Introduced in House


  • April 11, 2019
    Introduced in Senate


  • April 11, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-5409: Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019
  • HR 116-2096: Energy Storage Tax Incentive and Deployment Act of 2019
  • HR 116-7516: Clean Energy Innovation and Deployment Act of 2020
Alternative and renewable resourcesBusiness investment and capitalEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsResidential rehabilitation and home repair

Energy Storage Tax Incentive and Deployment Act of 2019

USA116th CongressS-1142| Senate 
| Updated: 4/11/2019
Energy Storage Tax Incentive and Deployment Act of 201 9 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 4, 2019

Latest Companion Bill Action

HR 116-2096
Introduced in House
Apr 11, 2019
Introduced in Senate
Apr 11, 2019
Read twice and referred to the Committee on Finance.
  • April 4, 2019

    Latest Companion Bill Action

    HR 116-2096
    Introduced in House


  • April 11, 2019
    Introduced in Senate


  • April 11, 2019
    Read twice and referred to the Committee on Finance.
Martin Heinrich

Martin Heinrich

Democratic Senator

New Mexico

Cosponsors (14)
Mazie K. Hirono (Democratic)Margaret Wood Hassan (Democratic)Dianne Feinstein (Democratic)Jack Reed (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Michael F. Bennet (Democratic)Tina Smith (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Cory Gardner (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-5409: Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019
  • HR 116-2096: Energy Storage Tax Incentive and Deployment Act of 2019
  • HR 116-7516: Clean Energy Innovation and Deployment Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesBusiness investment and capitalEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsResidential rehabilitation and home repair