Solar Energy Manufacturing for America Act

12/31/2022, 5:26 AM

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.

Congress
117

Number
S - 2140

Introduced on
2021-06-21

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/21/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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.

Alternative Names
Official Title as IntroducedA bill to amend the Internal Revenue Code of 1986 to establish the advanced solar manufacturing production credit.

Policy Areas
Taxation

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

Comments

Recent Activity

Latest Summary1/25/2022

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 photovolt...


Latest Action6/21/2021
Read twice and referred to the Committee on Finance.