Support for Clean Energy Manufacturing and US Jobs
This bill aims to boost tax credits for companies manufacturing advanced energy technologies. This means more investment in clean energy, creation of new jobs, especially in areas affected by coal mine closures, and support for electric vehicle production and emission reduction technologies.
Key points
Expansion of tax credits for manufacturing and recycling clean energy technologies, including energy storage, grid modernization, and emission reduction equipment.
Support for the production of electric and hybrid vehicles, as well as associated charging and 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.
Requirement for contractors and subcontractors to pay prevailing wages for similar projects in the locality.
Increase in available tax credit funds from $2.3 billion to $8 billion, with a portion specifically allocated to areas needing support.
Expired
Additional Information
Print number: 117_S_622
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2021-03-09