S. 1845 · 112th Congress
STORAGE 2011 Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WydenSponsor5 cosponsors · 4 D, 1 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Storage Technology for Renewable and Green Energy Act of 2011 or the STORAGE 2011 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is…
What it does: CRS summary · Introduced in Senate · Nov 10, 2011
Storage Technology for Renewable and Green Energy Act of 2011 or the STORAGE 2011 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive. store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid; (2) make such property eligible for new clean renewable energy bond financing; (3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and (4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: STORAGE 2011 Act
Also known as: Storage Technology for Renewable and Green Energy Act of 2011
Latest action (Nov 10, 2011): Read twice and referred to the Committee on Finance. (consideration: CR S7371-7372)
Policy area: Taxation · Origin: Senate · Introduced: Nov 10, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.