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US SB1043

Bill

Official Source

Status

Introduced

3/13/2025

Primary Sponsor

Lindsey Graham

Click for details

Origin

Senate

119th Congress

AI Summary

  • Extends the energy investment tax credit for qualified fuel cell property by 8 years, moving the expiration date from January 1, 2025 to January 1, 2033

  • Amends Section 48(c)(1)(E) of the Internal Revenue Code of 1986

  • Applies to fuel cell property where construction begins after December 31, 2024

  • Introduced March 13, 2025 by Senator Graham (R-SC) and Senator Blumenthal (D-CT) with bipartisan support

  • Referred to the Senate Committee on Finance

Legislative Description

A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.

Taxation

Last Action

Read twice and referred to the Committee on Finance.

3/13/2025

Committee Referrals

Finance3/13/2025

Full Bill Text

No bill text available