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A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
3/14/2024, 10:27 AM
Summary of Bill S 3027
Bill 118 s 3027, also known as the Energy Credit Extension Act, aims to amend the Internal Revenue Code of 1986 in order to extend the energy credit for qualified fuel cell property. This bill seeks to provide incentives for the use of fuel cell technology, which is a clean and efficient form of energy production.
The energy credit for qualified fuel cell property is a tax credit that encourages the installation and use of fuel cell systems in residential and commercial buildings. This credit helps offset the costs associated with purchasing and installing fuel cell technology, making it more affordable for individuals and businesses to adopt this environmentally friendly energy source.
By extending the energy credit for qualified fuel cell property, Bill 118 s 3027 aims to promote the use of fuel cell technology as a means of reducing greenhouse gas emissions and promoting energy independence. This bill recognizes the importance of investing in clean energy solutions and incentivizing the adoption of sustainable technologies. Overall, Bill 118 s 3027 is a bipartisan effort to support the growth of the fuel cell industry and encourage the transition to cleaner and more sustainable forms of energy production. This legislation demonstrates a commitment to addressing climate change and promoting innovation in the energy sector.
The energy credit for qualified fuel cell property is a tax credit that encourages the installation and use of fuel cell systems in residential and commercial buildings. This credit helps offset the costs associated with purchasing and installing fuel cell technology, making it more affordable for individuals and businesses to adopt this environmentally friendly energy source.
By extending the energy credit for qualified fuel cell property, Bill 118 s 3027 aims to promote the use of fuel cell technology as a means of reducing greenhouse gas emissions and promoting energy independence. This bill recognizes the importance of investing in clean energy solutions and incentivizing the adoption of sustainable technologies. Overall, Bill 118 s 3027 is a bipartisan effort to support the growth of the fuel cell industry and encourage the transition to cleaner and more sustainable forms of energy production. This legislation demonstrates a commitment to addressing climate change and promoting innovation in the energy sector.
Read the Full Bill
Current Status of Bill S 3027
Bill S 3027 is currently in the status of Bill Introduced since October 4, 2023. Bill S 3027 was introduced during Congress 118 and was introduced to the Senate on October 4, 2023. Bill S 3027's most recent activity was Read twice and referred to the Committee on Finance. as of October 4, 2023
Bipartisan Support of Bill S 3027
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
4Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3027
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 3027
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
Comments
Sponsors and Cosponsors of S 3027
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