HR-507 : Still Just a Bill

Innovative Energy Manufacturing Act of 2021

This bill provides for additional annual allocations, in 2022 through 2026, of the qualifying advanced energy project tax credit. A qualifying advanced energy project is a project that reequips, expands, or establishes a manufacturing facility for the production of energy from alternative sources, including solar, wind, or other renewable resources.

The Department of the Treasury must report to Congress by the end of 2027 on domestic job creation attributable to the credit allocations made by this bill.

Action Timeline

Action DateTypeTextSource
2021-01-28IntroReferralReferred to the House Committee on Ways and Means.House floor actions
2021-01-28IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Rep. Boyle, Brendan F. [D-PA-2]
See Cosponsors

Policy Area :

Taxation
See Subjects
  • Air quality
  • Alternative and renewable resources
  • Climate change and greenhouse gases
  • Congressional oversight
  • Energy efficiency and conservation
  • Energy storage, supplies, demand
  • Hybrid, electric, and advanced technology vehicles
  • Income tax credits
  • Materials
  • Wages and earnings

Related Bills

See Related Bills