116th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to make fuel cells using electromechanical processes eligible for the energy tax credit.
April 2, 2019
Mr. Panetta (for himself, Mr. Stivers, Ms. Eshoo, Mr. Wenstrup, Ms. Speier, and Mrs. Walorski) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to make fuel cells using electromechanical processes eligible for the energy tax credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Clean Energy Production Parity Act of 2019”.
SEC. 2. Fuel cells using electromechanical processes made eligible for the energy tax credit.
(a) In general.—Section 48(c)(1) of the Internal Revenue Code of 1986 is amended—
(1) in subparagraph (A)(i), by inserting “or electromechanical” after “electrochemical”, and
(A) by inserting “, or linear generator assembly,” after “a fuel cell stack assembly”, and
(B) by inserting “or electromechanical” after “electrochemical”.
(b) Effective date.—The amendments made by this section shall apply to periods after the date of the enactment of this Act under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990).