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HR 5350 114th Congress House Taxation Alternative and renewable resources Business investment and capital Electric power generation and transmission Energy storage, supplies, demand Income tax credits Residential rehabilitation and home repair

Energy Storage Act of 2016

Introduced: May 26, 2016 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
May 26, 2016
Referred to the House Committee on Ways and Means.
May 26, 2016
Introduced in House
 Plain-English summary Congressional Research Service

Energy Storage for Grid Resilience and Modernization Act of 2016 or the Energy Storage Act of 2016

This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.

What's happening now May 26, 2016

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1