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S 2573 113th Congress Senate Taxation Alternative and renewable resources Energy efficiency and conservation Hybrid, electric, and advanced technology vehicles Income tax credits Motor fuels

Fuel Cell and Hydrogen Infrastructure Act of 2014

Introduced: July 9, 2014 Introduced by: Blumenthal, Richard Democratic · Connecticut 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
Jul 9, 2014
Read twice and referred to the Committee on Finance.
Jul 9, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Fuel Cell and Hydrogen Infrastructure Act of 2014 - Amends the Internal Revenue Code, with respect to the tax credit for alternative fuel vehicle refueling property expenditures, to: (1) increase the rate of such credit from 30% to 50% for hydrogen-related alternative fuel vehicles, (2) eliminate the dollar limitation on such credit for hydrogen-related vehicles, (3) allow such credit for off-highway motor vehicles designed for carrying or towing loads, and (4) extend such credit through 2016 for property related to hydrogen.

Increases the 30% energy tax credit for investment in fuel cell property to: (1) 40% for fuel cell property used in a combined heat and power system having an energy efficiency percentage of at least 60% but less than 70%, and (2) 50% for fuel cell property having an energy efficiency percentage of 70% or more. Increases the maximum dollar amount of the energy tax credit for investment in qualified fuel cell property.

What's happening now July 9, 2014

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1