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Support for Clean Energy Manufacturing and Job Creation in the US

This act expands tax credits for companies manufacturing clean energy equipment, electric vehicles, and emission-reducing technologies. The goal is to foster new job creation in the energy and industrial sectors, especially in areas affected by coal mine or coal-fired power plant closures. Citizens may benefit from local economic development and access to greener technologies.
Key points
Expansion of tax credits for manufacturing and recycling solar, wind, and water energy equipment, energy storage systems, and greenhouse gas emission reduction technologies.
Support for the production of electric and hybrid vehicles (over 14,000 pounds) and associated charging/refueling infrastructure.
Additional funds for projects in areas where coal mines or coal-fired power plants have closed, aiming to create new jobs in these regions.
Increase in available tax credit funds from $2.3 billion to $8 billion, with a portion allocated to priority areas.
Requirement for workers on projects receiving credits to be paid no less than prevailing local wages.
Introduction of technical assistance for states and organizations that have not previously utilized these credits, to facilitate application processes.
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Additional Information
Print number: 117_HR_5369
Sponsor: Rep. Lamb, Conor [D-PA-17]
Process start date: 2021-09-24