S. 1043 · 119th Congress
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
In committee
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Bill details
Introduced: 3/13/2025
Current status: In committee
Introduced by: Lindsey Graham (R · SC)
Bill ID: 119s1043
Latest official action: Read twice and referred to the Committee on Finance.
Bill overview
A neutral overview based on official congressional sources.
Introduced in Senate
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.
Source: BILLSUM · Summary date: 3/13/2025
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