H.R. 4720 · 117th Congress
Energy Sector Innovation Credit Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ReedSponsor10 cosponsors · 3 D, 7 R
D
Gottheimer
DL
R
LaHood
JP
D
Panetta
DS
R
Schweikert
TS
D
Suozzi
MB
R
Burgess
CM
R
Miller
WT
R
Timmons
ES
R
Stefanik
BD
R
Donalds5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill adds new tax credits for investment in qualified emerging technology energy property and for the production of electricity from emerging energy technology.
What it does: CRS summary · Introduced in House · Jul 27, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Energy Sector Innovation Credit Act of 2021
Latest action (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.
Policy area: Taxation · Origin: House · Introduced: Jul 27, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.