117th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit.
April 29, 2021
Mr. Brown (for himself and Mr. Portman) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of 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 “Linear Generator Parity Act”.
SEC. 2. Including fuel cells using electromechanical processes for purposes of the energy tax credit.
(a) In general.—Paragraph (1) of section 48(c) 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 striking “electrochemical means” and inserting “electrochemical or electromechanical means without the use of rotating parts”.
(b) Effective date.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.