Bills · S 1043
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1043Taxation
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
INTRO MAR 13· LAST ACTION MAR 13
READING
1MIN
COSPONSORS
3BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it impacts the ongoing development and adoption of clean energy technologies in the United States. Fuel cells offer an alternative for generating electricity with lower emissions, and this tax credit is designed to make them more financially viable.
If this bill becomes law, it would provide an extended period of financial stability and incentive for the fuel cell industry, potentially leading to more investment, job creation, and broader deployment of this technology. If it doesn't pass, the tax credit will expire as scheduled, which could slow down new fuel cell projects and make them less competitive compared to other energy sources, potentially hindering clean energy goals.
KEY PROVISIONS
3AI-extractedPROVISION 01
The bill extends the existing energy tax credit for qualified fuel cell property.
This prolongs a financial incentive for companies and individuals to invest in fuel cell technology.
PROVISION 02
It changes the expiration date of this tax credit from January 1, 2025, to January 1, 2033.
This provides an additional eight years during which new fuel cell projects can qualify for the tax break.
PROVISION 03
The extension applies to fuel cell property projects where construction begins after December 31, 2024.
This clarifies when the new, extended deadline takes effect for eligible projects.
SPONSORSHIP
1 + 3
R· South Carolina
YRS IN OFFICE
31
BILLS LED
37
COSPONSOR BREAKDOWNBIPARTISAN · 66%
DEM 2 REP 1 IND 0
ACTION TIMELINE
2 EVENTSMAR 13
Introduced in Senate
MAR 13
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 1043
Congress119th
StatusIn Committee
IntroducedMar 13, 2025
Last actionMar 13, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED MAR 13, 2025
Senate BillS 1043Taxation
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
INTRODUCED MAR 13, 2025· LAST ACTION MAR 13, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
3
COMPLEXITY
Moderate
