[Congressional Record Volume 166, Number 42 (Tuesday, March 3, 2020)]
[Senate]
[Page S1414]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1429. Mr. HEINRICH (for himself and Mr. Gardner) submitted an 
amendment intended to be proposed to amendment SA 1407 submitted by Ms. 
Murkowski and intended to be proposed to the bill S. 2657, to support 
innovation in advanced geothermal research and development, and for 
other purposes; which was ordered to lie on the table; as follows:

        At the end, add the following:

       TITLE IV--AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986

     SEC. 4001. ENERGY CREDIT FOR ENERGY STORAGE TECHNOLOGIES.

       (a) In General.--Subclause (II) of section 48(a)(2)(A)(i) 
     of the Internal Revenue Code of 1986 is amended by striking 
     ``paragraph (3)(A)(i)'' and inserting ``clause (i) or (viii) 
     of paragraph (3)(A)''.
       (b) Energy Storage Technologies.--Subparagraph (A) of 
     section 48(a)(3) of the Internal Revenue Code of 1986 is 
     amended by striking ``or'' at the end of clause (vi), by 
     adding ``or'' at the end of clause (vii), and by adding at 
     the end the following new clause:
       ``(viii) equipment which receives, stores, and delivers 
     energy using batteries, compressed air, pumped hydropower, 
     hydrogen storage (including hydrolysis), thermal energy 
     storage, regenerative fuel cells, flywheels, capacitors, 
     superconducting magnets, or other technologies identified by 
     the Secretary in consultation with the Secretary of Energy, 
     and which has a capacity of not less than 5 kilowatt 
     hours,''.
       (c) Phaseout of Credit.--Paragraph (6) of section 48(a) of 
     the Internal Revenue Code of 1986 is amended--
       (1) by striking ``energy'' in the heading and inserting 
     ``and energy storage''; and
       (2) by striking ``paragraph (3)(A)(i)'' both places it 
     appears and inserting ``clause (i) or (viii) of paragraph 
     (3)(A)''.
       (d) Effective Date.--The amendments made by this section 
     shall apply to property placed in service after December 31, 
     2019.

     SEC. 4002. RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT FOR 
                   BATTERY STORAGE TECHNOLOGY.

       (a) In General.--Subsection (a) of section 25D of the 
     Internal Revenue Code of 1986 is amended by striking ``and'' 
     at the end of paragraph (4), by inserting ``and'' after the 
     comma at the end of paragraph (5), and by adding at the end 
     the following new paragraph:
       ``(6) the qualified battery storage technology 
     expenditures,''.
       (b) Qualified Battery Storage Technology Expenditure.--
     Subsection (d) of section 25D of the Internal Revenue Code of 
     1986 is amended by adding at the end the following new 
     paragraph:
       ``(6) Qualified battery storage technology expenditure.--
     The term `qualified battery storage technology expenditure' 
     means an expenditure for battery storage technology which--
       ``(A) is installed on or in connection with a dwelling unit 
     located in the United States and used as a residence by the 
     taxpayer, and
       ``(B) has a capacity of not less than 3 kilowatt hours.''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to expenditures paid or incurred in taxable years 
     beginning after December 31, 2019.
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