Clean Energy Production Parity Act

Bill: 117-hr-4010
Sponsor: full_name: Rep. Panetta, Jimmy [D-CA-20]
Introduced: 2021-06-17
Policy area: Taxation
Subjects: Alternative and renewable resources

Business investment and capital

Electric power generation and transmission

Income tax credits
Latest action: action_date: 2021-06-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-06-17
action_desc: Introduced in House
text: <p><b>Clean Energy Production Parity Act</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 117th CONGRESS 1st Session H. R. 4010 IN THE HOUSE OF REPRESENTATIVES June 17, 2021 Mr. Panetta (for himself, Mrs. Walorski , Ms. Eshoo , Mr. Wenstrup , and Ms. Speier ) 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 include fuel cells using electromechanical processes for purposes of the energy tax credit.

1. Short title This Act may be cited as the Clean Energy Production Parity Act . 2. Including fuel cells using electromechanical processes for purposes of 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)— (A) by inserting or electromechanical after electrochemical , and (B) by inserting (1 kilowatts in the case of a fuel cell power plant with a linear generator assembly) after 0.5 kilowatt , 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) Linear generator assembly Section 48(c)(1) of such Code is amended by redesignating subparagraph (D) as subparagraph (E) and by inserting after subparagraph (C) the following new subparagraph: (D) Linear generator assembly The term linear generator assembly does not include any assembly which contains rotating parts. . (c) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.