Energy Storage Tax Incentive and Deployment Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 2096 To amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes. IN THE HOUSE OF REPRESENTATIVES APRIL 4, 2019 Mr. MICHAEL F. DOYLE of Pennsylvania (for himself, Mr. BLUMENAUER, and Ms. SA´NCHEZ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes. 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 ‘‘Energy Storage Tax 4 Incentive and Deployment Act of 2019’’. 5 SEC. 2. ENERGY CREDIT FOR ENERGY STORAGE TECH- 6 NOLOGIES. 7 (a) IN GENERAL.—Subclause (II) of section 8 48(a)(2)(A)(i) of the Internal Revenue Code of 1986 is 9 VerDate Sep 11 2014 03:19 Apr 16, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2096.IH H2096 kjohnson on DSK79L0C42 with BILLS 2 •HR 2096 IH amended by striking ‘‘paragraph (3)(A)(i)’’ and inserting 1 ‘‘clause (i) or (viii) of paragraph (3)(A)’’. 2 (b) ENERGY STORAGE TECHNOLOGIES.—Subpara- 3 graph (A) of section 48(a)(3) of the Internal Revenue 4 Code of 1986 is amended by striking ‘‘or’’ at the end of 5 clause (vi), by adding ‘‘or’’ at the end of clause (vii), and 6 by adding at the end the following new clause: 7 ‘‘(viii) equipment which receives, 8 stores, and delivers energy using batteries, 9 compressed air, pumped hydropower, hy- 10 drogen storage (including hydrolysis), ther- 11 mal energy storage, regenerative fuel cells, 12 flywheels, capacitors, superconducting 13 magnets, or other technologies identified 14 by the Secretary in consultation with the 15 Secretary of Energy, and which has a ca- 16 pacity of not less than 5 kilowatt hours,’’. 17 (c) PHASEOUT OF CREDIT.—Paragraph (6) of sec- 18 tion 48(a) of the Internal Revenue Code of 1986 is amend- 19 ed— 20 (1) by striking ‘‘ENERGY’’ in the heading and 21 inserting ‘‘AND ENERGY STORAGE’’; and 22 (2) by striking ‘‘paragraph (3)(A)(i)’’ both 23 places it appears and inserting ‘‘clause (i) or (viii) 24 of paragraph (3)(A)’’. 25 VerDate Sep 11 2014 03:19 Apr 16, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2096.IH H2096 kjohnson on DSK79L0C42 with BILLS 3 •HR 2096 IH (d) EFFECTIVE DATE.—The amendments made by 1 this section shall apply to property placed in service after 2 December 31, 2018. 3 SEC. 3. RESIDENTIAL ENERGY EFFICIENT PROPERTY 4 CREDIT FOR BATTERY STORAGE TECH- 5 NOLOGY. 6 (a) IN GENERAL.—Subsection (a) of section 25D of 7 the Internal Revenue Code of 1986 is amended by striking 8 ‘‘and’’ at the end of paragraph (4), by inserting ‘‘and’’ 9 after the comma at the end of paragraph (5), and by add- 10 ing at the end the following new paragraph: 11 ‘‘(6) the qualified battery storage technology ex- 12 penditures,’’. 13 (b) QUALIFIED BATTERY STORAGE TECHNOLOGY 14 EXPENDITURE.—Subsection (d) of section 25D of the In- 15 ternal Revenue Code of 1986 is amended by adding at the 16 end the following new paragraph: 17 ‘‘(6) QUALIFIED BATTERY STORAGE TECH- 18 NOLOGY EXPENDITURE.—The term ‘qualified bat- 19 tery storage technology expenditure’ means an ex- 20 penditure for battery storage technology which— 21 ‘‘(A) is installed on or in connection with 22 a dwelling unit located in the United States and 23 used as a residence by the taxpayer, and 24 VerDate Sep 11 2014 03:19 Apr 16, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H2096.IH H2096 kjohnson on DSK79L0C42 with BILLS 4 •HR 2096 IH ‘‘(B) has a capacity of not less than 3 kilo- 1 watt hours.’’. 2 (c) EFFECTIVE DATE.—The amendments made by 3 this section shall apply to expenditures paid or incurred 4 in taxable years beginning after December 31, 2018. 5 Æ VerDate Sep 11 2014 03:19 Apr 16, 2019 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H2096.IH H2096 kjohnson on DSK79L0C42 with BILLS