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Energy Opportunity Zones Act of 2020

Introduced: October 6, 2020 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
Oct 6, 2020
Referred to the House Committee on Ways and Means.
Oct 6, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Energy Opportunity Zones Act of 2020

This bill designates energy opportunity zones for areas that are within 120 miles of a nuclear or coal power plant used to generate electricity that has ceased operations or is scheduled to cease operations within 6 years, or areas that can demonstrate how changes in the nuclear or coal economy have resulted or may result in job losses.

The bill modifies or extends the new energy efficient home tax credit, the nonbusiness energy property tax credit, the investment tax credit, and the tax credit for production of electricity, and establishes a new tax credit for offshore wind and energy storage. The bill also extends through 2050 the tax deduction for energy efficient commercial buildings.

What's happening now October 6, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1