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HR 5441 115th Congress House Taxation Alternative and renewable resources Business investment and capital Economic development Electric power generation and transmission Income tax credits Nuclear power

Energy Opportunity Zones Act of 2018

Introduced: April 9, 2018 Introduced by: Carbajal, Salud O. Democratic · California 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
Apr 9, 2018
Referred to the House Committee on Ways and Means.
Apr 9, 2018
Introduced in House
 Plain-English summary Congressional Research Service

Energy Opportunity Zones Act of 2018

This bill amends the Internal Revenue Code to extend several tax credits related to renewable energy for facilities and energy property located in or placed in service within an energy opportunity zone. An "energy opportunity zone" is a municipality or county that has within its boundaries a nuclear power plant that ceased operation during the 10-year period beginning on January 1, 2018.

The bill also expands the tax credit for investments in energy property to include (1) certain offshore wind property that is located within 50 miles from the boundary of an energy opportunity zone; and (2) other specified equipment that receives, stores, and delivers energy and has a capacity of at least 5 megawatt hours.

What's happening now April 9, 2018

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1