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S 1043
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A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.

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

Introduced Mar 13, 2025

Latest action (Mar 13, 2025) Read twice and referred to the Committee on Finance.

Policy area
Issues
Economy & Taxes

Summary

This bill extends the federal tax credit for qualified fuel cell property, which provides tax incentives for installing fuel cell systems. The credit would remain available for property construction that begins after December 31, 2024, with the expiration date extended from January 1, 2025 to January 1, 2033. This effectively extends the fuel cell tax credit by eight additional years beyond its current scheduled expiration.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Actions (2)

  1. Mar 13, 2025 Read twice and referred to the Committee on Finance. · senate
  2. Mar 13, 2025 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Full text

IN THE SENATE OF THE UNITED STATES

March 13, 2025

Mr. Graham (for himself and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXTENSION OF ENERGY CREDIT FOR QUALIFIED FUEL CELL PROPERTY.

(a) In General.—Section 48(c)(1)(E) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2025” and inserting “January 1, 2033”.

(b) Effective Date.—The amendments made by this section shall apply to property the construction of which begins after December 31, 2024. <all>

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