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Solar Energy Manufacturing for America Act

12/31/2022, 5:26 AM

Congressional Summary of S 2140

Solar Energy Manufacturing for America Act

This bill allows a new tax credit for the production of solar property in the taxpayer's trade or business. The credit is allowed for certain solar components, including photovoltaic cells and wafers, solar grade polysilicon, and a non-integrated solar module able to generate electricity when exposed to sunlight.

Current Status of Bill S 2140

Bill S 2140 is currently in the status of Bill Introduced since June 21, 2021. Bill S 2140 was introduced during Congress 117 and was introduced to the Senate on June 21, 2021.  Bill S 2140's most recent activity was Read twice and referred to the Committee on Finance. as of June 21, 2021

Bipartisan Support of Bill S 2140

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
3
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2140

Primary Policy Focus

Taxation

Potential Impact Areas

- Alternative and renewable resources
- Electric power generation and transmission
- Income tax credits
- Licensing and registrations
- Manufacturing

Alternate Title(s) of Bill S 2140

A bill to amend the Internal Revenue Code of 1986 to establish the advanced solar manufacturing production credit.
Solar Energy Manufacturing for America Act
Solar Energy Manufacturing for America Act

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