Technology for Energy Security Act

Bill: 118-hr-5820
Sponsor: full_name: Rep. Tenney, Claudia [R-NY-24]
Introduced: 2023-09-28
Policy area: Taxation
Latest action: action_date: 2023-09-28
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-09-28
action_desc: Introduced in House
text: <p><strong>Technology for Energy Security Act of 2023</strong></p><p>This bill extends the energy investment tax credit for qualified fuel cell property for eight years.&nbsp;</p><p>Under current law, an energy investment tax credit of up to 30% of the cost of qualified fuel cell property is available provided construction of the qualified fuel cell property begins on or before December 31, 2024. This bill extends the energy investment tax credit to include qualified fuel cell property where construction begins on or before December 31, 2032.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 5820 IN THE HOUSE OF REPRESENTATIVES September 28, 2023 Ms. Tenney (for herself, Mr. Panetta , Mr. Carey , and Mr. Larson of Connecticut ) 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 energy credit for qualified fuel cell property.

1. Short title This Act may be cited as the Technology for Energy Security Act of 2023 . 2. Extension of energy credit for qualified fuel cell property Section 48(c)(1)(E) of the Internal Revenue Code of 1986 is amended by striking January 1, 2025 and inserting January 1, 2033 .