S 1043
119th Congress
Senate
Taxation
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
Introduced: March 13, 2025
Introduced by:
Graham, Lindsey
Republican
· South Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2025
Read twice and referred to the Committee on Finance.
Mar 13, 2025
Introduced in Senate
Plain-English summary
This bill extends the energy investment tax credit for qualified fuel cell property for eight years.
Under current law, an energy investment tax credit of up to 30% of the cost of qualified fuel cell property is available provided construction of the qualified fuel cell property begins on or before December 31, 2024. This bill extends the energy investment tax credit to include qualified fuel cell property where construction begins on or before December 31, 2032.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1