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Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019

10/28/2022, 1:45 AM

Congressional Summary of HR 5409

Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019

This bill provides for tax credits for energy storage technologies, including a residential energy efficient property credit for battery storage technology expenditures.

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Current Status of Bill HR 5409

Bill HR 5409 is currently in the status of Bill Introduced since December 12, 2019. Bill HR 5409 was introduced during Congress 116 and was introduced to the House on December 12, 2019.  Bill HR 5409's most recent activity was Referred to the House Committee on Ways and Means. as of December 12, 2019

Bipartisan Support of Bill HR 5409

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

Policy Area and Potential Impact of Bill HR 5409

Primary Policy Focus

Taxation

Potential Impact Areas

- Alternative and renewable resources
- Business investment and capital
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Income tax credits
- Residential rehabilitation and home repair

Alternate Title(s) of Bill HR 5409

Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019
To amend the Internal Revenue Code to provide tax credits for energy storage technology, and for other purposes.
Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019

Comments

Sponsors and Cosponsors of HR 5409

John R. Curtis
John R. Curtis
UtahRepublican

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