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HR 507 United States House · 117th Congress

Innovative Energy Manufacturing Act of 2021

Summary
Innovative Energy Manufacturing Act of 2021 This bill provides for additional annual allocations, in 2022 through 2026, of the qualifying advanced energy project tax credit. A qualifying advanced energy project is a project that reequips, expands, or establishes a manufacturing facility for the production of energy from alternative sources, including solar, wind, or other renewable resources. The Department of the Treasury must report to Congress by the end of 2027 on domestic job creation attributable to the credit allocations made by this bill.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for renewable energy manufacturing, extending tax incentives to support advanced energy projects under fiscal policy.95% confidence ✓ EnergySupports EnergyProvides tax credits for renewable energy manufacturing (solar, wind) and mandates job creation reporting, directly funding clean energy infrastructure expansion.95% confidence ✓ EnvironmentSupports EnvironmentFunds tax credits for renewable energy manufacturing (solar/wind), directly promoting clean energy production and reducing fossil fuel dependence.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
President
Introduced Jan 28, 2021 Last action Jan 28, 2021
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 28, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jan 28, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brendan F. Boyle
Brendan F. Boyle
DDemocratic
PA
2