Bill114th CongressFiled May 6, 2016Taxation
H.R. 5172
To amend the Internal Revenue Code of 1986 to extend and phaseout the energy credit for certain property.
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Under committee review
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What it doesSummary introduced in house (May 6, 2016)
This bill amends the Internal Revenue Code to extend and modify tax credits for investments in certain energy property.
The bill extends the tax credits to apply to investments in certain energy property with construction that begins before January 1, 2022. The extensions apply to investments in:
- qualified fuel cell property,
- qualified microturbine property,
- combined heat and power system property,
- qualified small wind energy property, and
- thermal energy property.
The bill sets forth a schedule for reducing from 30% to 22% the credit rate for investments in qualified fuel cell property and small wind energy property.
What just happenedMay 6, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Meehan, Patrick [R-PA-7](R-PA)Sponsor
12 cosponsors3 D9 R
12cosponsors1committees3actions1related bills4subjects
- Introduced in HouseMay 6, 2016
- May 6, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 6, 2016IntroReferralIntro-H
Introduced in House
- May 6, 2016IntroReferral1000
Introduced in House