Fuel Cell Tax Extenders Act of 2015

To extend and modify certain provisions of the Internal Revenue Code of 1986 relating to fuel cells and hydrogen. 1. Short title This Act may be cited as the Fuel Cell Tax Extenders Act of 2015 2. Extension and modification of fuel cell credits (a) Extension of residential energy efficient property credit for qualified fuel cell property (1) In general Section 25D(g) property placed in service after December 31, 2016 (December 31, 2021, in the case of qualified fuel cell property (as defined in section 48(c)(1))) (2) Effective date The amendment made by this subsection shall apply to property placed in service after the date of the enactment of this Act. (b) Extension of energy credit (1) In general Section 48(c)(1)(D) (A) by striking for any period on which construction was commenced (B) by striking December 31, 2016 December 31, 2021 (2) Effective date The amendments made by this subsection shall apply to property on which construction was commenced after the date of the enactment of this Act. 3. Extension and modification of hydrogen-related credits (a) Extension of alternative motor vehicle credit (1) In general Section 30B(k)(1) December 31, 2014 December 31, 2021 (2) Effective date The amendment made by this subsection shall apply to property purchased after December 31, 2014. (b) Extension and modification of alternative fuel vehicle refueling property credit (1) Extension Section 30C(g) placed in service after December 31, 2014 placed in service— (1) in the case of property relating to hydrogen, after December 31, 2021, and (2) in the case of any other property, after December 31, 2014 . (2) Increase in limitation Section 30C(b) (A) in paragraph (1) by striking , and that does not relate to hydrogen, (B) by redesignating paragraph (2) as paragraph (3), and (C) by inserting after paragraph (1) the following new paragraph: (2) $200,000 in the case of a property of a character subject to an allowance for depreciation that relates to hydrogen, and . (3) Expansion of credit for hydrogen-related alternative fuel vehicle refueling property (A) In general Section 30C(c) and , and (3) with respect to property described in section 179A(d)(3)(A) for the storage or dispensing of fuel at least 85 percent of the volume of which consists of hydrogen, the reference to motor vehicles in section 179A(d)(3)(A) includes specified off-highway vehicles. . (B) Specified off-highway vehicles defined Section 30C(e) of such Code is amended by striking paragraph (6) and inserting the following: (6) Specified off-highway vehicles For purposes of subsection (c)(3)— (A) In general The term specified off-highway vehicles (B) Exceptions Such term does not include— (i) farm tractors, trench diggers, power shovels, bulldozers, road graders or rollers, and similar equipment which does not carry or tow a load, and (ii) any vehicle that operates exclusively on a rail or rails. . (4) Effective date The amendments made by this subsection shall apply to property placed in service after December 31, 2014. (c) Extension and modification of alternative fuel credit for hydrogen (1) Extension Section 6426(d)(5) December 31, 2014 (December 31, 2021, in the case of any sale or use involving hydrogen) (2) Expansion of credit to all hydrogen Section 6426(d)(2)(D) of such Code is amended by striking liquefied hydrogen hydrogen (3) Effective date The amendments made by this subsection shall apply to property sold or used after December 31, 2014.

Summary: Fuel Cell Tax Extenders Act of 2015 This bill amends the Internal Revenue Code to extend through 2021: the residential energy efficient property tax credit for qualified fuel cell property, the energy tax credit for qualified fuel cell property, the alternative motor vehicle tax credit for qualified fuel cell motor vehicles, the tax credit for alternative fuel vehicle refueling property relating to hydrogen, and the excise tax credit for the sale or use of alternative fuels involving hydrogen.