American Jobs in Energy Manufacturing Act of 2021

American Jobs in Energy Manufacturing Act of 2021

This bill revises the definition of qualifying advanced energy project for purposes of the tax credit for such project. Specifically, the bill expands the definition to include property designed to produce energy from water, property designed to produce energy conservation technologies, light-, medium-, or heavy-duty electric or fuel cell vehicles, certain hybrid vehicles, and manufacturing facilities designed to reduce greenhouse gas emissions.

The definition also includes projects located in a census tract in which a coal mine closed after 1999 and in which a coal-fired electric generating unit was retired after 2009, and provides additional credit allocations for projects to retool, expand, or build new facilities that make or recycle energy-related products, and for projects in communities where coal mines have closed or coal-fired electric units have been retired.

Bill 117 hr 5369, also known as the American Jobs in Energy Manufacturing Act of 2021, aims to promote job creation and economic growth in the energy manufacturing sector in the United States. The bill focuses on supporting the development and expansion of energy manufacturing industries, such as renewable energy, natural gas, and nuclear power.

Key provisions of the bill include providing financial incentives and tax credits to companies that invest in energy manufacturing projects, as well as funding for research and development in new energy technologies. The bill also aims to streamline the permitting process for energy manufacturing projects, in order to expedite their development and implementation.

Additionally, the bill includes measures to promote workforce training and education in the energy manufacturing sector, in order to ensure that American workers have the skills and knowledge needed to succeed in these industries. The bill also includes provisions to support small businesses in the energy manufacturing sector, in order to promote entrepreneurship and innovation in the industry. Overall, the American Jobs in Energy Manufacturing Act of 2021 seeks to boost job creation, economic growth, and innovation in the energy manufacturing sector, in order to strengthen the United States' position as a global leader in energy production and technology.