I 
117TH CONGRESS 
1ST SESSION 
H. R. 507 
To amend the Internal Revenue Code of 1986 to extend the advanced energy 
project credit. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 28, 2021 
Mr. BRENDAN F. BOYLE of Pennsylvania introduced the following bill; which 
was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
the advanced energy project credit. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Innovative Energy 
Manufacturing Act of 2021’’. 
SEC. 2. EXTENSION OF THE ADVANCED ENERGY PROJECT 
CREDIT. 
(a) IN GENERAL.—Section 48C of the Internal Rev-
enue Code of 1986 is amended by redesignating subsection 
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(e) as subsection (f) and by inserting after subsection (d) 
the following new subsection: 
‘‘(e) ADDITIONAL ALLOCATIONS.— 
‘‘(1) IN GENERAL.—Not later than 180 days 
after the date of enactment of this paragraph, the 
Secretary, after consultation with the Secretary of 
Energy, shall establish a program to designate 
amounts of qualifying advanced project credit limita-
tion to qualifying advanced energy projects. 
‘‘(2) ANNUAL LIMITATION.— 
‘‘(A) IN GENERAL.—The amount of quali-
fying advanced project credit limitation that 
may be designated under this subsection during 
any calendar year shall not exceed the annual 
credit limitation with respect to such year. 
‘‘(B) ANNUAL
CREDIT
LIMITATION.—For 
purposes of this subsection, the term ‘annual 
credit limitation’ means $2,500,000,000 for 
each of calendar years 2022, 2023, 2024, 2025, 
and 2026, and zero thereafter. 
‘‘(C) CARRYOVER
OF
UNUSED
LIMITA-
TION.—If the annual credit limitation for any 
calendar year exceeds the aggregate amount 
designated for such year under this subsection, 
such limitation for the succeeding calendar year 
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shall be increased by the amount of such excess. 
No amount may be carried under the preceding 
sentence to any calendar year after 2026. 
‘‘(3) PLACED IN SERVICE DEADLINE.—No cred-
it shall be determined under subsection (a) with re-
spect to any property which is placed in service after 
the date that is 4 years after the date of the des-
ignation under this subsection relating to such prop-
erty. 
‘‘(4) SELECTION CRITERIA.—Selection criteria 
similar to those in subsection (d)(3) shall apply, ex-
cept that in determining designations under this 
subsection, the Secretary, after consultation with the 
Secretary of Energy, shall— 
‘‘(A) require that applicants provide writ-
ten assurances to the Secretary that all laborers 
and mechanics employed by contractors and 
subcontractors in the performance of construc-
tion, alteration or repair work on a qualifying 
advanced energy project shall be paid wages at 
rates not less than those prevailing on projects 
of a similar character in the locality as deter-
mined by the Secretary of Labor in accordance 
with subchapter IV of chapter 31 of title 40, 
United States Code, and 
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‘‘(B) give the highest priority to projects 
which— 
‘‘(i) manufacture (other than pri-
marily assembly of components) property 
described in a subclause of subsection 
(c)(1)(A)(i) (or components thereof), and 
‘‘(ii) have the greatest potential for 
commercial deployment of new applica-
tions. 
‘‘(5) DISCLOSURE
OF
DESIGNATIONS.—Rules 
similar to the rules of subsection (d)(5) shall apply 
for purposes of this subsection.’’. 
(b) 
CLARIFICATION
WITH
RESPECT
TO 
ELECTROCHROMATIC GLASS.—Section 48C(c)(1)(A)(i)(V) 
of such Code is amended— 
(1) by striking ‘‘and smart grid’’ and inserting 
‘‘, smart grid,’’ and 
(2) by inserting ‘‘, and electrochromatic glass’’ 
before the comma at the end. 
(c) EFFECTIVE DATE.—The amendment made by 
this section shall take effect on the date of the enactment 
of this Act. 
(d) PROGRESS REPORT.—During the 30-day period 
ending on December 31, 2027, the Secretary of the Treas-
ury (or the Secretary’s delegate), after consultation with 
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the Secretary of Labor, shall submit a report to Congress 
on any domestic job creation, and wages associated with 
such jobs, and the amount of such wages paid, attributable 
to the amendment made by this section. 
Æ 
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