Clean Energy Production Parity Act of 2019

Bill: 116-hr-2040
Sponsor: full_name: Rep. Panetta, Jimmy [D-CA-20]
Introduced: 2019-04-02
Policy area: Taxation
Subjects: Alternative and renewable resources

Business investment and capital

Electric power generation and transmission

Income tax credits
Latest action: action_date: 2019-04-02
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-04-02
action_desc: Introduced in House
text: <p><b>Clean Energy Production Parity Act of 2019</b></p> <p>This bill modifies the tax credit for investments in energy property to make qualified fuel cell property (certain fuel cell power plants) that uses an electromechanical process or includes a linear generator assembly eligible for the credit.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2040 IN THE HOUSE OF REPRESENTATIVES April 2, 2019 Mr. Panetta (for himself, Mr. Stivers , Ms. Eshoo , Mr. Wenstrup , Ms. Speier , and Mrs. Walorski ) 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 make fuel cells using electromechanical processes eligible for the energy tax credit.

1. Short title This Act may be cited as the Clean Energy Production Parity Act of 2019 . 2. Fuel cells using electromechanical processes made eligible for the energy tax credit (a) In general Section 48(c)(1) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (A)(i), by inserting or electromechanical after electrochemical , and (2) in subparagraph (C)— (A) by inserting , or linear generator assembly, after a fuel cell stack assembly , and (B) by inserting or electromechanical after electrochemical . (b) Effective date The amendments made by this section shall apply to periods after the date of the enactment of this Act under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990).