H.R. 2040 — Introduced in House

I 116th CONGRESS 1st Session H. R. 2040 IN THE HOUSE OF REPRESENTATIVES April 2, 2019Mr. Panetta (for himself, Mr. Stivers, Ms. Eshoo, Mr. Wenstrup, Ms. Speier, and Mrs. Walorski) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make fuel cells using electromechanical processes eligible for the energy tax credit. 1. Short title This Act may be cited as the Clean Energy Production Parity Act of 2019. 2. Fuel cells using electromechanical processes made eligible for the energy tax credit (a) In general Section 48(c)(1) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (A)(i), by inserting or electromechanical after electrochemical, and (2) in subparagraph (C)— (A) by inserting , or linear generator assembly, after a fuel cell stack assembly, and (B) by inserting or electromechanical after electrochemical. (b) Effective date The amendments made by this section shall apply to periods after the date of the enactment of this Act under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990).