S. 1845 (112th): STORAGE 2011 Act

Introduced:
Nov 10, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Ron Wyden
Senior Senator from Oregon
Party
Democrat
Text
Read Text »
Last Updated
Nov 10, 2011
Length
15 pages
Related Bills
H.R. 4096 (Related)
STORAGE 2012 Act

Referred to Committee
Last Action: Feb 28, 2012

 
Status

This bill was introduced on November 10, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 10, 2011
Referred to Committee Nov 10, 2011
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to provide for an energy investment credit for energy storage property connected to the grid, and for other purposes.

Summary

No summaries available.

Cosponsors
5 cosponsors (4D, 1R) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/10/2011--Introduced.
Storage Technology for Renewable and Green Energy Act of 2011 or the STORAGE 2011 Act - Amends the Internal Revenue Code to:
(1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive.
store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid;
(2) make such property eligible for new clean renewable energy bond financing;
(3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and
(4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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