3.0.0 3715 2023-01-11T13:21:39Z 2023-01-11T13:21:39Z Senate S S 2010-08-05 111 ssfi00 Finance Committee Senate Standing Referred to 2010-08-05T17:28:11Z 2010-08-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-08-05 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2010-08-05 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2010-08-05 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2010-08-05 True Taxation Alternative and renewable resources Business investment and capital Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Hybrid, electric, and advanced technology vehicles Income tax credits Income tax deductions Motor fuels Taxation 00 2010-08-05 Introduced in Senate 2010-09-29T22:51:29Z Charging America Forward Act - Amends the Internal Revenue Code to: (1) extend through 2014 the tax credit for purchasing a new qualified hybrid motor vehicle, increase the the amount of such credit for certain hybrid and heavy vehicles, and provide for the transferability of such credit; (2) increase and extend through 2014 the tax credit for alternative fuel vehicle refueling property; (3) make refundable and provide for the transferability of the tax credit for new qualified plug-in electric drive motor vehicles; (4) allow accelerated depreciation of smart meters and smart grid systems; (5) allow a 50% tax credit for investment in qualified used energy storage property (30% for energy storage property used for onsite storage); and (6) allow a nonbusiness energy tax credit for qualified used energy storage property.

Defines "qualified used energy storage property" as property comprised of pre-owned advanced large format automotive propulsion battery cells previously used in a qualified plug-in electric drive motor vehicle which are reconditioned into: (1) property that is designed to receive and store electrical energy, convert it to electricity, and to deliver such electricity for support to the transmission or distribution grid or for sale to unrelated parties and that has the ability to store 50 kilowatt hours of energy or to attain a peak power output of 20 kilowatts; or (2) property that is primarily designed and used to receive and store intermittent renewable energy generated on-site and to deliver such energy for primarily on-site consumption, or which provides supplemental energy to reduce peak energy requirements on-site, and that has the ability to store the energy equivalent of 20 kilowatt hours of energy and to maintain an output of the energy equivalent of 5 kilowatt hours of electricity for 4 hours.

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]]> Charging America Forward Act Display Title Charging America Forward Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify certain tax incentives for alternative vehicles, to establish a battery insurance program within the Department of Energy, and for other purposes. Introduced in Senate IS Short Titles as Introduced Charging America Forward Act Introduced in Senate 2010-08-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3715is/xml/BILLS-111s3715is.xml 2010-08-05 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.