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Solar and Geothermal Tax Credit Expansion Act

2/8/2022, 11:22 PM

Congressional Summary of S 3229

Solar and Geothermal Tax Credit Expansion Act

This bill extends the energy tax credit for certain renewable resources, including solar and geothermal properties, and the credit for residential energy efficient property for five years.

Current Status of Bill S 3229

Bill S 3229 is currently in the status of Bill Introduced since January 28, 2020. Bill S 3229 was introduced during Congress 116 and was introduced to the Senate on January 28, 2020.  Bill S 3229's most recent activity was Read twice and referred to the Committee on Finance. as of January 28, 2020

Bipartisan Support of Bill S 3229

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

Policy Area and Potential Impact of Bill S 3229

Primary Policy Focus

Taxation

Potential Impact Areas

- Alternative and renewable resources
- Energy efficiency and conservation
- Income tax credits
- Lighting, heating, cooling
- Residential rehabilitation and home repair

Alternate Title(s) of Bill S 3229

Solar and Geothermal Tax Credit Expansion Act
Solar and Geothermal Tax Credit Expansion Act
A bill to amend the Internal Revenue Code of 1986 to provide for an extension of the energy credit, and for other purposes.

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