Energy Sector Innovation Credit Act of 2021
Latest action · Jul 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.
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.
- IntroducedJul 27, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Jul 27, 2021 to Aug 19, 2022, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Darin LaHood | Original | Jul 27, 2021 |
| R-AZ | David Schweikert | Original | Jul 27, 2021 |
| D-CA | Jimmy Panetta | Original | Jul 27, 2021 |
| D-NJ | Josh Gottheimer | Original | Jul 27, 2021 |
| D-NY | Thomas R. Suozzi | Original | Jul 27, 2021 |
| R-TX | Michael C. Burgess | Jul 28, 2021 | |
| R-WV | Carol D. Miller | Nov 1, 2021 | |
| R-SC | William R. Timmons IV | Dec 1, 2021 | |
| R-NY | Elise M. Stefanik | Apr 11, 2022 | |
| R-FL | Byron Donalds | Aug 19, 2022 |
Actions 3
Everything that happened, newest first.
- Jul 28, 2022ASSUMING 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, 2021Introduced in House
- Jul 27, 2021Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2475 | Energy Sector Innovation Credit Act of 2021 | Related bill | Jul 27, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative law and regulatory procedures
- Advanced technology and technological innovations
- Air quality
- Alternative and renewable resources
- Building construction
- Business expenses
- Climate change and greenhouse gases
- Congressional oversight
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy prices
- Energy research
- Energy storage, supplies, demand
- Environmental technology
- Government information and archives
- Income tax credits
- Industrial facilities
- Nuclear power
- Product development and innovation
- Research and development
- Retail and wholesale trades
- State and local government operations
- Tax-exempt organizations
- Taxation
- Water use and supply
Text 1
Each version as it was printed, newest first.
- Jul 27, 2021Introduced 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.