3.0.0 4096 2019-11-15T21:46:51Z 2019-11-15T21:46:51Z House H HR 2012-02-28 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GIBSON:H.R. 4096.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1: The Congress shall havePower to lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.[Page H1017]]]> hswm00 Ways and Means Committee House Standing Referred to 2012-02-28T15:00:35Z 112 1845 S 2011-11-10 Read twice and referred to the Committee on Finance. (consideration: CR S7371-7372) Related bill CRS 2012-02-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-02-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-02-28 Introduced in House IntroReferral 1000 9 Library of Congress G000564 Rep. Gibson, Christopher P. [R-NY-20] Christopher Gibson R NY P. 20 N T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2012-02-28 True H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2012-03-19 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2012-05-31 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2012-06-01 False Taxation Alternative and renewable resources Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Income tax credits Residential rehabilitation and home repair Securities Taxation

00 2012-02-28 Introduced in House 2012-03-03T16:53:20Z Storage Technology for Renewable and Green Energy Act of 2012 or the STORAGE 2012 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.

]]>

Short Titles as Introduced Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2012-02-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4096ih/xml/BILLS-112hr4096ih.xml 2012-02-28 Referred to the House Committee on Ways and Means. 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.