HR 4720 United States House · 117th Congress

Energy Sector Innovation Credit Act of 2021

Summary

Energy Sector Innovation Credit Act of 2021 This bill adds new tax credits for investment in qualified emerging technology energy property and for the production of electricity from emerging energy technology. The bill defines qualified emerging energy property as property that is constructed, reconstructed, erected, or acquired by the taxpayer and is (1) a facility for the production of electricity from emerging energy technology, (2) carbon capture equipment, or (3) energy storage technology. The bill also adds a new tax credit for the production of electricity from clean hydrogen. The bill defines clean hydrogen as hydrogen that is produced through a production method for which the rate of the greenhouse gas emission is greater than zero and not greater that 2,500g CO2-e per kilogram of hydrogen produced, or is equal to or less than zero.

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2021

Committee Review

Floor Vote

President

Introduced Jul 27, 2021 Last action Jul 28, 2022

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 28, 2022

Introduced

ASSUMING FIRST SPONSORSHIP - Mr. Schweikert asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4720, a bill originally introduced by Representative Reed, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

lower

Jul 27, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Jul 27, 2021

Introduced

Introduced in House

lower

1 primary · 10 co-sponsors