,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #edji  ,,in ,,the ,,house ,,of  
,,representatives  ,december #ab1 #bjai 
,mr4 ,curtis introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code to provide tax credits for energy
 storage technology1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,incentivizing ,new 
and ,valuable ,energy ,storage          
,technology 7,,invest7 ,act of #bjai4   
#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    
storage2 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 #bjah4  

#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 inserting and after the comma  
at the end of paragraph 7#e71 and by    
adding at the end the following new     
paragraph3  7#f7 the qualified battery  
storage technology expenditures1  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 ,effective date 
,the amendments made by this section    
shall apply to expenditures paid or     
incurred in taxable years beginning     
after ,december #ca1 #bjah4  #d4 ,public
 utility property  7a7 ,in general      
,paragraph 7#b7 of section #ej7;d7 of   
the ,internal ,revenue ,code of #aihf is
 amended-- 7#a7 by adding after the     
first sentence the following new        
sentence3 ,at the election of a         
taxpayer1 this paragraph shall not apply
 to energy property described in clause 
7viii7 of section #dh7;a77#c77;,a7 that 
is placed in service by the taxpayer    
after ,december #ca1 #bjah1 provided--2 
and  7#b7 by adding the following new   
subparagraphs3  7,a7 no election under  
this paragraph shall be permitted if the
 making of such election is prohibited  
by1 or required by1 a ,state or         
political subdivision thereof1 by any   
agency or instrumentality of the ,united
 ,states1 or by a public service or     
public utility commission or other      

similar body of any ,state or political 
subdivision that regulates public       
utilities as described in section       
#ggja7;a77#cc77;,a71  7,b7 an election  
under this paragraph shall be made      
separately with respect to each energy  
property by the due date 7including     
extensions7 of the ,federal tax return  
for the taxable year in which such      
property is placed in service by the    
taxpayer1 and once made1 may be revoked 
only with the consent of the ,secretary1
 and  7,c7 an election shall not apply  
with respect to any energy property     
described in such subparagraph if such  
property has a maximum energy capacity  
equal to or less than #ad kilowatt      
hours4  4  7b7 ,effective date ,the     
amendments made by this section shall   
apply to property placed in service     
after ,december #ca1 #bjah4