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Energy Sector Innovation Credit Act of 2019
10/28/2022, 1:46 AM
Congressional Summary of HR 5523
Energy Sector Innovation Credit Act of 2019
This bill allows new tax credits for investment in emerging energy technology and for the production of electricity from such technology.
The bill also allows an energy tax credit for energy storage technologies, including equipment which 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.
Read the Full Bill
Current Status of Bill HR 5523
Bill HR 5523 is currently in the status of Bill Introduced since December 19, 2019. Bill HR 5523 was introduced during Congress 116 and was introduced to the House on December 19, 2019. Bill HR 5523's most recent activity was Referred to the House Committee on Ways and Means. as of December 19, 2019
Bipartisan Support of Bill HR 5523
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
4Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5523
Primary Policy Focus
TaxationPotential Impact Areas
- Advanced technology and technological innovations
- Air quality
- Alternative and renewable resources
- Building construction
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Income tax credits
- Performance measurement
- Transfer and inheritance taxes
- Water use and supply
Alternate Title(s) of Bill HR 5523
Energy Sector Innovation Credit Act of 2019
To amend the Internal Revenue Code of 1986 to provide investment and production tax credits for emerging energy technologies, and for other purposes.
Energy Sector Innovation Credit Act of 2019
Comments
Sponsors and Cosponsors of HR 5523
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