Renewable Energy Tax Credit News Briefs – June 2019

Monday, June 10, 2019

Rep. Mike Doyle, D-Pa., and two colleagues introduced legislation April 4 to expand the renewable energy investment tax credit (ITC) to included energy storage technology. The Energy Storage Tax Incentive and Deployment Act of 2019 would be effective for property placed in service after Dec. 31, 2018, and would subject storage technology to the phasedown of the ITC. This is the third straight session of Congress in which the bill has been introduced.

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A group of 110 members of Congress sent a letter April 4 to House Ways and Means Committee Chairman Richard Neal, calling for any new tax legislation to include clean energy, including restoring and extending the renewable energy ITC and production tax credit. The letter, which suggested an infrastructure package to include the legislation, also calls for clarification of the tax code concerning clean energy storage technologies.

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