CONGRESS FOR VOTERS

RepublicanBill · S. 1043· Senate(119-S-1043)

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

Rep. Graham
Age: 71 years
South Carolina
Introduced
3/13/2025
Last activity
3/13/2025 — Read twice and referred to the Committee on Finance.
Sponsored by
Lindsey Graham
Cosponsors
Republican - 1Democrat - 2
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill seeks to amend the Internal Revenue Code of 1986. Its primary purpose is to extend the energy credit for qualified fuel cell property. The current expiration date of January 1, 2025, would be replaced with a new date of January 1, 2033. These changes would apply to property where construction begins after December 31, 2024.

Yes· 3 of 8

  • Does this put more money into wind, solar and other renewable power?+5

    The extension provides long-term incentive for investment in renewable fuel cell technologies.

  • Does this cut the pollution that drives climate change?+4

    Extending fuel cell credits encourages the use of cleaner energy technologies, potentially reducing carbon output.

  • Would business owners be better off under this?+3

    The extended tax credit provides a financial incentive for businesses involved in fuel cell technology.

The opposite

  • Does this reduce what the federal government owes?-1

    Extending tax credits potentially reduces federal revenue in the short term.