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S. 329: Linear Generator Parity Act

The text of the bill below is as of Feb 5, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 329

IN THE SENATE OF THE UNITED STATES

February 5, 2019

(for himself and Mr. Brown) 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 include fuel cells using electromechanical processes for purposes of the energy tax credit.

1.

Short title

This Act may be cited as the Linear Generator Parity Act.

2.

Including fuel cells using electromechanical processes for purposes of the energy tax credit

(a)

In general

Paragraph (1) of section 48(c) of the Internal Revenue Code of 1986 is amended—

(1)

in subparagraph (A)(i), by inserting or electromechanical after electrochemical, and

(2)

in subparagraph (C)—

(A)

by inserting , or linear generator assembly, after a fuel cell stack assembly, and

(B)

by striking electrochemical means and inserting electrochemical or electromechanical means without the use of rotating parts.

(b)

Effective date

The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.