S 1030 113th Congress Senate 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 2013 Act

Introduced: May 23, 2013 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 23, 2013

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3848-3849)

May 23, 2013

Sponsor introductory remarks on measure. (CR S3847-3848)

May 23, 2013

Introduced in Senate

Plain-English summary Congressional Research Service

Storage Technology for Renewable and Green Energy Act of 2013 or the STORAGE 2013 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 May 23, 2013

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3848-3849)

Committees of jurisdiction 1