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Tax Amendments for Energy and Alternative Fuels Investments via PTP Structure

The Act amends the Internal Revenue Code of 1986 to extend the publicly traded partnership (PTP) ownership structure to projects involving electric and thermal power generation and fuel transportation. The new provisions cover qualified energy resources, biomass, advanced nuclear energy, and energy storage technologies.
Key points
PTP Structure Expansion: The structure is made available for power generation projects using qualified energy resources, biomass, municipal waste, and advanced nuclear facilities.
Support for Energy Storage: New rules cover the storage of electric and thermal power, as well as combined heat and power systems.
Alternative Fuels: The Act includes the transportation and storage of hydrogen, renewable fuels, and fuels derived from captured carbon oxides (achieving at least a 60% emission reduction).
Effective Date: The amendments will apply to taxable years beginning after December 31, 2025.
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Introduced
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Additional Information
Print number: 119_HR_2545
Sponsor: Rep. Estes, Ron [R-KS-4]
Process start date: 2025-04-01
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financing Our Energy Future Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2545.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-01.

What are the main provisions?

Key points include:

  • PTP Structure Expansion: The structure is made available for power generation projects using qualified energy resources, biomass, municipal waste, and advanced nuclear facilities.
  • Support for Energy Storage: New rules cover the storage of electric and thermal power, as well as combined heat and power systems.
  • Alternative Fuels: The Act includes the transportation and storage of hydrogen, renewable fuels, and fuels derived from captured carbon oxides (achieving at least a 60% emission reduction).
  • Effective Date: The amendments will apply to taxable years beginning after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Estes, Ron [R-KS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Energy Environment