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To provide for energy rebates to individual taxpayers, and for other purposes.

12/29/2022, 10:03 PM

Summary of Bill HR 7143

Bill 117 HR 7143, also known as the Energy Rebate Act, aims to provide energy rebates to individual taxpayers in the United States. The bill proposes to offer financial incentives to taxpayers who make energy-efficient improvements to their homes or purchase energy-efficient appliances.

The Energy Rebate Act also includes provisions for rebates on electric vehicles and renewable energy sources, such as solar panels and wind turbines. These rebates are intended to encourage individuals to reduce their carbon footprint and transition to cleaner, more sustainable energy sources.

In addition to providing rebates, the bill also includes measures to promote energy conservation and efficiency, such as funding for research and development of new energy technologies. The Energy Rebate Act seeks to address climate change and promote environmental sustainability by incentivizing individuals to make energy-conscious choices. Overall, Bill 117 HR 7143 aims to support individual taxpayers in their efforts to reduce energy consumption and transition to cleaner energy sources, while also promoting innovation in the energy sector.

Congressional Summary of HR 7143

This bill expresses the sense of Congress that energy rebates to individual taxpayers are required due to the global disruptions caused by COVID-19 and the Russian invasion of Ukraine.

The bill allows an income-based tax credit beginning in 2022 for the sum of monthly energy rebates. The amount of such rebates in any calendar month is the sum of $100 ($200 for married couples filing jointly) plus $100 multiplied by the number of the taxpayer's dependents during 2022.

Current Status of Bill HR 7143

Bill HR 7143 is currently in the status of Bill Introduced since March 17, 2022. Bill HR 7143 was introduced during Congress 117 and was introduced to the House on March 17, 2022.  Bill HR 7143's most recent activity was Referred to the House Committee on Ways and Means. as of March 17, 2022

Bipartisan Support of Bill HR 7143

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
16
Democrat Cosponsors
16
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7143

Primary Policy Focus

Taxation

Potential Impact Areas

- Cardiovascular and respiratory health
- Conflicts and wars
- Congressional oversight
- Emergency medical services and trauma care
- Energy prices
- Energy storage, supplies, demand
- Europe
- Income tax credits
- Infectious and parasitic diseases
- Military operations and strategy
- Motor fuels
- Russia
- Tax administration and collection, taxpayers
- U.S. territories and protectorates
- Ukraine

Alternate Title(s) of Bill HR 7143

To provide for energy rebates to individual taxpayers, and for other purposes.
To provide for energy rebates to individual taxpayers, and for other purposes.

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