Clean Energy Production Parity Act

I 117TH CONGRESS 1ST SESSION H. R. 4010 To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit. IN THE HOUSE OF REPRESENTATIVES JUNE 17, 2021 Mr. PANETTA (for himself, Mrs. WALORSKI, Ms. ESHOO, Mr. WENSTRUP, and Ms. SPEIER) introduced the following bill; which was referred to the Com- mittee on Ways and Means A BILL 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Clean Energy Produc- 4 tion Parity Act’’. 5 VerDate Sep 11 2014 03:59 Jul 09, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4010.IH H4010 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 4010 IH SEC. 2. INCLUDING FUEL CELLS USING 1 ELECTROMECHANICAL PROCESSES FOR PUR- 2 POSES OF THE ENERGY TAX CREDIT. 3 (a) IN GENERAL.—Section 48(c)(1) of the Internal 4 Revenue Code of 1986 is amended— 5 (1) in subparagraph (A)(i)— 6 (A) by inserting ‘‘or electromechanical’’ 7 after ‘‘electrochemical’’, and 8 (B) by inserting ‘‘(1 kilowatts in the case 9 of a fuel cell power plant with a linear gener- 10 ator assembly)’’ after ‘‘0.5 kilowatt’’, and 11 (2) in subparagraph (C)— 12 (A) by inserting ‘‘, or linear generator as- 13 sembly,’’ after ‘‘a fuel cell stack assembly’’, and 14 (B) by inserting ‘‘or electromechanical’’ 15 after ‘‘electrochemical’’. 16 (b) LINEAR GENERATOR ASSEMBLY.—Section 17 48(c)(1) of such Code is amended by redesignating sub- 18 paragraph (D) as subparagraph (E) and by inserting after 19 subparagraph (C) the following new subparagraph: 20 ‘‘(D) LINEAR GENERATOR ASSEMBLY.— 21 The term ‘linear generator assembly’ does not 22 include any assembly which contains rotating 23 parts.’’. 24 VerDate Sep 11 2014 03:59 Jul 09, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H4010.IH H4010 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 4010 IH (c) EFFECTIVE DATE.—The amendments made by 1 this section shall apply to property placed in service after 2 the date of the enactment of this Act. 3 Æ VerDate Sep 11 2014 03:59 Jul 09, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H4010.IH H4010 kjohnson on DSK79L0C42PROD with BILLS