S 1043
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
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.
Bill status
- Status
- In committee
- Sponsor
- Sen. Lindsey Graham [R-SC]
- Cosponsors
- 3
- Policy area
- Taxation
- Introduced
- 2025-03-13
- Latest action
- 2025-03-13: Read twice and referred to the Committee on Finance.
Committee referrals
Recent actions
- 2025-03-13: Read twice and referred to the Committee on Finance.
- 2025-03-13: Introduced in Senate