S 1043 · A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
Read twice and referred to the Committee on Finance.
- Introduced
- Mar 13, 2025
- Latest action
- Mar 13, 2025
- Sponsor
- Sen. Lindsey Graham [R-SC]
- Policy area
- Taxation
- Cosponsors
- 3
Summary
This bill extends the energy investment tax credit for qualified fuel cell property for eight years. Under current law, an energy investment tax credit of up to 30% of the cost of qualified fuel cell property is available provided construction of the qualified fuel cell property begins on or before December 31, 2024. This bill extends the energy investment tax credit to include qualified fuel cell property where construction begins on or before December 31, 2032.
Recent actions
- Mar 13, 2025 Read twice and referred to the Committee on Finance.
- Mar 13, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.