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114-hr-5350114th Congress

Energy Storage Act of 2016

Sponsored By: Representative MICHAEL HONDA

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Summary

Energy Storage for Grid Resilience and Modernization Act of 2016 or the Energy Storage Act of 2016 This bill amends the Internal Revenue Code to: (1) allow, through 2026, a 30% energy tax credit for investment in energy storage property capable of absorbing energy, storing the energy for a period of time, and dispatching the energy for specified purposes; (2) make energy storage property owned by a public power provider, a governmental body, or a cooperative electric company eligible for new clean renewable energy bond financing; and (3) allow, through 2026, a 30% nonbusiness energy property tax credit for residential energy storage equipment expenditures for a taxpayer's principal residence.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

MICHAEL HONDA

CA • D

Cosponsors

  • Rep. Reed, Tom [R-NY-23]

    NY • R

    Sponsored 5/26/2016

  • Rep. Gibson, Christopher P. [R-NY-19]

    NY • R

    Sponsored 5/26/2016

  • Rep. Takano, Mark [D-CA-39]

    CA • D

    Sponsored 5/26/2016

  • Rep. Takai, Mark [D-HI-1]

    HI • D

    Sponsored 6/9/2016

  • Rep. Grijalva, Raúl M. [D-AZ-7]

    AZ • D

    Sponsored 9/12/2016

Roll Call Votes

No roll call votes available for this bill.

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