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Extending Fuel Cell Energy Tax Credit Until 2033.

This bill extends a federal tax credit available to individuals and businesses investing in qualified fuel cell property. By making this financial incentive available until 2033, citizens and companies have a longer window to reduce the cost of adopting this clean energy technology. The goal is to encourage continued investment in sustainable power sources.
Key points
The tax credit for purchasing and installing fuel cell property is extended by eight years, until January 1, 2033.
The extension applies to construction projects that begin after December 31, 2024, providing long-term support for green energy initiatives.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1043
Sponsor: Sen. Graham, Lindsey [R-SC]
Process start date: 2025-03-13
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1043.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-13.

What are the main provisions?

Key points include:

  • The tax credit for purchasing and installing fuel cell property is extended by eight years, until January 1, 2033.
  • The extension applies to construction projects that begin after December 31, 2024, providing long-term support for green energy initiatives.
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 Sen. Graham, Lindsey [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Environment Economy