3.0.0 627 2023-01-11T13:47:47Z 2023-01-11T13:47:47Z Senate S 2021-03-09 117 ssfi00 Finance Committee Senate Standing Referred to 2021-03-09T22:52:55Z Energy Storage Tax Incentive and Deployment Act of 2021 117 1684 HR 2021-03-09 Referred to the House Committee on Ways and Means. Identical bill CRS 2021-03-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-03-09 Introduced in Senate IntroReferral 10000 9 Library of Congress H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2021-03-09 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2021-03-09 True B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2021-03-09 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2021-03-09 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2021-03-09 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2021-03-09 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2021-03-09 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2021-03-09 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-03-09 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-03-09 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2021-03-09 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2021-04-13 False Taxation Alternative and renewable resources Business investment and capital Energy efficiency and conservation Energy storage, supplies, demand Income tax credits Residential rehabilitation and home repair Taxation 00 2021-03-09 Introduced in Senate 2021-04-22T16:07:23Z Energy Storage Tax Incentive and Deployment Act of 2021

This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology.

The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including electrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours.

The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.

]]> Energy Storage Tax Incentive and Deployment Act of 2021 Display Title Energy Storage Tax Incentive and Deployment Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Energy Storage Tax Incentive and Deployment Act of 2021 Introduced in Senate IS Introduced in Senate 2021-03-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s627is/xml/BILLS-117s627is.xml 2021-03-09 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.