Energy Storage Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 26, 2016)
Energy Storage for Grid Resilience and Modernization Act of 2016 or the Energy Storage Act of 2016
This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.
What just happenedMay 26, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMay 26, 2016
- May 26, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 26, 2016IntroReferralIntro-H
Introduced in House
- May 26, 2016IntroReferral1000
Introduced in House