Energy Storage Tax Incentive and Deployment Act of 2019
Latest action · Apr 11, 2019 Read twice and referred to the Committee on Finance.
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.
- IntroducedApr 11, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Energy Storage Tax Incentive and Deployment Act of 2019
This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology.
The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours.
The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Apr 11, 2019 to Sep 25, 2019; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-HI | Brian Schatz | Original | Apr 11, 2019 |
| D-NJ | Cory A. Booker | Original | Apr 11, 2019 |
| R-CO | Cory Gardner | Original | Apr 11, 2019 |
| D-CA | Dianne Feinstein | Original | Apr 11, 2019 |
| D-RI | Jack Reed | Original | Apr 11, 2019 |
| D-OR | Jeff Merkley | Original | Apr 11, 2019 |
| D-NH | Margaret Wood Hassan | Original | Apr 11, 2019 |
| D-HI | Mazie K. Hirono | Original | Apr 11, 2019 |
| D-CO | Michael F. Bennet | Original | Apr 11, 2019 |
| D-RI | Sheldon Whitehouse | Original | Apr 11, 2019 |
| D-MN | Tina Smith | Original | Apr 11, 2019 |
| R-ME | Susan M. Collins | Jun 5, 2019 | |
| D-MD | Chris Van Hollen | Jul 22, 2019 | |
| I-ME | Angus S. King Jr. | Sep 25, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Apr 11, 2019 |
Actions 2
Everything that happened, newest first.
- Apr 11, 2019Introduced in Senate
- Apr 11, 2019Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45747 | Vehicle Electrification: Federal and State Issues Affecting Deployment Archived | Report | Jun 3, 2019 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2096 | Energy Storage Tax Incentive and Deployment Act of 2019 | Identical bill | Apr 4, 2019 |
| HR 5409 | Incentivizing New and Valuable Energy Storage Technology (INVEST) Act of 2019 | Related bill | Dec 12, 2019 |
| HR 7516 | Clean Energy Innovation and Deployment Act of 2020 | Related bill | Jul 10, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes.
- Short Title(s) as Introduced
- Energy Storage Tax Incentive and Deployment Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 11, 2019Introduced in Senate
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
