H.R. 5350 · 114th Congress
Energy Storage Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HondaSponsor5 cosponsors · 3 D, 2 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Energy Storage for Grid Resilience and Modernization Act of 2016 or the Energy Storage Act of 2016
What it does: CRS summary · Introduced in House · May 26, 2016
Energy Storage for Grid Resilience and Modernization Act of 2016 or the Energy Storage Act of 2016
This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Energy Storage Act of 2016
Also known as: Energy Storage for Grid Resilience and Modernization Act of 2016
Latest action (May 26, 2016): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 26, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.