,,ii  #aadth ,,congress  #b;d ,session  
,s4 #caei  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ab1     
#bjaf,mr4 ,heinrich 7for himself1 ,mr4  
,heller1 ,mr4 ,schatz1 ,mr4 ,franken1   
,mr4 ,merkley1 ,mr4 ,king1 ,mr4 ,reed1  
,ms4 ,hirono1 and ,mrs4 ,gillibrand7    
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to provide tax credits for energy 
storage technologies1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,energy ,storage    
,tax ,incentive and ,deployment ,act of 
#bjaf4  #b4 ,energy credit for energy   
storage technologies  7a7 ,in general   
,subclause 7,,ii7 of section            
#dh7;a77#b77;,a77i7 of the ,internal    
,revenue ,code of #aihf is amended by   
striking paragraph 7#c77;,a77i7 and     
inserting clause 7i7 or 7viii7 of       
paragraph 7#c77;,a74  7b7 ,energy       
storage technologies ,subparagraph 7,a7 

of section #dh7;a77#c7 of the ,internal 
,revenue ,code of #aihf is amended by   
striking or at the end of clause 7vi71  
by adding or at the end of clause 7vii71
 and by adding at the end the following 
new clause3  7viii7 equipment which     
receives1 stores1 and delivers energy   
using batteries1 compressed air1 pumped 
hydropower1 hydrogen storage 7including 
hydrolysis71 thermal energy storage1    
regenerative fuel cells1 flywheels1     
capacitors1 superconducting magnets1 or 
other technologies identified by the    
,secretary in consultation with the     
,secretary of ,energy1 and which has a  
capacity of not less than #e kilowatt   
hours1  4  7c7 ,phaseout of credit      
,paragraph 7#f7 of section #dh7;a7 of   
the ,internal ,revenue ,code of #aihf is
 amended-- 7#a7 by striking energy in   
the heading and inserting and energy    
storage1 and  7#b7 by striking paragraph
 7#c77;,a77i7 both places it appears and
 inserting clause 7i7 or 7viii7 of      
paragraph 7#c77;,a74  7d7 ,effective    

date ,the amendments made by this       
section shall apply to property placed  
in service after ,december #ca1 #bjae4  
#c4 ,residential energy efficient       
property credit for battery storage     
technology  7a7 ,in general ,subsection 
7a7 of section #be;,d of the ,internal  
,revenue ,code of #aihf is amended by   
striking and at the end of paragraph    
7#d71 by striking the period at the end 
of paragraph 7#e7 and inserting 1 and1  
and by adding at the end the following  
new paragraph3  7#f7 the applicable     
percentage of the qualified battery     
storage technology expenditures made by 
the taxpayer during such year4  4  7b7  
,qualified battery storage technology   
expenditure ,subsection 7d7 of section  
#be;,d of the ,internal ,revenue ,code  
of #aihf is amended by adding at the end
 the following new paragraph3  7#f7     
,qualified battery storage technology   
expenditure ,the term qualified battery 
storage technology expenditure means an 
expenditure for battery storage         

technology which-- 7,a7 is installed on 
or in connection with a dwelling unit   
located in the ,united ,states and used 
as a residence by the taxpayer1 and     
7,b7 has a capacity of not less than #c 
kilowatt hours4  4  7c7 ,applicable     
percentage ,subsection 7g7 of section   
#be;,d of the ,internal ,revenue ,code  
of #aihf is amended by striking 7#a7 and
 7#b7 and inserting 7#a71 7#b71 and     
7#f74  7d7 ,effective date ,the         
amendments made by this section shall   
apply to expenditures paid or incurred  
in taxable years beginning after        
,december #ca1 #bjae4