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S. 2475 117th Congress Senate

Energy Sector Innovation Credit Act of 2021

Official title: A bill to amend the Internal Revenue Code of 1986 to provide investment and production tax credits for emerging energy technologies, and for other purposes.

Introduced: July 27, 2021 Introduced by: Mike Crapo Republican · Idaho See on congress.gov
Taxation Administrative law and regulatory proceduresAdvanced technology and technological innovationsAir qualityAlternative and renewable resources
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Building constructionBusiness expensesClimate change and greenhouse gasesCongressional oversightElectric power generation and transmissionEnergy efficiency and conservationEnergy pricesEnergy researchEnergy storage, supplies, demandEnvironmental technologyGovernment information and archivesIncome tax creditsIndustrial facilitiesNuclear powerProduct development and innovationResearch and developmentRetail and wholesale tradesState and local government operationsTax-exempt organizationsWater use and supply
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2021
Read twice and referred to the Committee on Finance.
Jul 27, 2021
Introduced in Senate
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 Latest action July 27, 2021

Read twice and referred to the Committee on Finance.

 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.

 Related & companion bills 1
  • HR 4720 Energy Sector Innovation Credit Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 7
All 7 Democratic 4 Republican 3
D
Coons, Christopher A.
Delaware · Mar 30, 2022
 R
Cassidy, Bill
Louisiana · Sep 13, 2021
 R
Barrasso, John
Wyoming · Jul 27, 2021
 D
Bennet, Michael F.
Colorado · Jul 27, 2021
 D
Hickenlooper, John W.
Colorado · Jul 27, 2021
 R
Risch, James E.
Idaho · Jul 27, 2021
 D
Whitehouse, Sheldon
Rhode Island · Jul 27, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2475: Energy Sector Innovation Credit Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2475/
MLA
"S. 2475: Energy Sector Innovation Credit Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2475/.
Bluebook (legal)
S. 2475, 117th Cong. (2026), https://openamerica.io/bill/117-S-2475/.
Markdown link
[S. 2475: Energy Sector Innovation Credit Act of 2021](https://openamerica.io/bill/117-S-2475/)
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