Energy Sector Innovation Credit Act of 2021
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 27, 2021)
Energy Sector Innovation Credit Act of 2021
This bill adds new tax credits for investment in qualified emerging technology energy property and for the production of electricity from emerging energy technology. The bill defines qualified emerging energy property as property that is constructed, reconstructed, erected, or acquired by the taxpayer and is (1) a facility for the production of electricity from emerging energy technology, (2) carbon capture equipment, or (3) energy storage technology.
The bill also adds a new tax credit for the production of electricity from clean hydrogen. The bill defines clean hydrogen as hydrogen that is produced through a production method for which the rate of the greenhouse gas emission is greater than zero and not greater that 2,500g CO2-e per kilogram of hydrogen produced, or is equal to or less than zero.
What just happenedJul 28, 2022
ASSUMING FIRST SPONSORSHIP - Mr. Schweikert asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4720, a bill originally introduced by Representative Reed, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Who’s behind it
- Introduced in HouseJul 27, 2021
- Jul 28, 2022FloorH8D000
ASSUMING FIRST SPONSORSHIP - Mr. Schweikert asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4720, a bill originally introduced by Representative Reed, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
- Jul 27, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 27, 2021IntroReferralIntro-H
Introduced in House
- Jul 27, 2021IntroReferral1000
Introduced in House