Energy Storage Act of 2016
Latest action · May 26, 2016 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 26, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from May 26, 2016 to Sep 12, 2016, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Christopher P. Gibson | Original | May 26, 2016 |
| D-CA | Mark Takano | Original | May 26, 2016 |
| R-NY | Tom Reed | Original | May 26, 2016 |
| D-HI | Mark Takai | Jun 9, 2016 | |
| D-AZ | Raúl M. Grijalva | Sep 12, 2016 |
Actions 2
Everything that happened, newest first.
- May 26, 2016Introduced in House
- May 26, 2016Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 26, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
