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HR 4096 112th Congress House Taxation Alternative and renewable resources Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Income tax credits Residential rehabilitation and home repair Securities

STORAGE 2012 Act

Introduced: February 28, 2012 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2012
Referred to the House Committee on Ways and Means.
Feb 28, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Storage Technology for Renewable and Green Energy Act of 2012 or the STORAGE 2012 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive, store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid; (2) make such property eligible for new clean renewable energy bond financing; (3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and (4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

What's happening now February 28, 2012

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2