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HR 4720 117th Congress House Taxation Administrative law and regulatory procedures Advanced technology and technological innovations Air quality Alternative and renewable resources Building construction Business expenses Climate change and greenhouse gases Congressional oversight Electric power generation and transmission Energy efficiency and conservation Energy prices Energy research Energy storage, supplies, demand Environmental technology Government information and archives Income tax credits Industrial facilities Nuclear power Product development and innovation

Energy Sector Innovation Credit Act of 2021

Introduced: July 27, 2021 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2022
ASSUMING FIRST SPONSORSHIP - Mr. Schweikert asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4720, a bill originally introduced by Representative Reed, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Jul 27, 2021
Referred to the House Committee on Ways and Means.
Jul 27, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Energy Sector Innovation Credit Act of 2021

This bill adds new tax credits for investment in qualified emerging technology energy property and for the production of electricity from emerging energy technology. The bill defines qualified emerging energy property as property that is constructed, reconstructed, erected, or acquired by the taxpayer and is (1) a facility for the production of electricity from emerging energy technology, (2) carbon capture equipment, or (3) energy storage technology.

The bill also adds a new tax credit for the production of electricity from clean hydrogen. The bill defines clean hydrogen as hydrogen that is produced through a production method for which the rate of the greenhouse gas emission is greater than zero and not greater that 2,500g CO2-e per kilogram of hydrogen produced, or is equal to or less than zero.

What's happening now July 28, 2022

ASSUMING FIRST SPONSORSHIP - Mr. Schweikert asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4720, a bill originally introduced by Representative Reed, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 3 Republican 6