S-622 : Still Just a Bill

American Jobs in Energy Manufacturing Act of 2021

This bill revises the definition of qualifying advanced energy project for purposes of the tax credit for such project. Specifically, the bill expands the definition to include property designed to produce energy from water, property designed to produce energy conservation technologies, light-, medium-, or heavy-duty electric or fuel cell vehicles, certain hybrid vehicles, and manufacturing facilities designed to reduce greenhouse gas emissions.

The definition also includes projects located in a census tract in which a coal mine closed after 1999 and in which a coal-fired electric generating unit was retired after 2009, and provides additional credit allocations for projects to retool, expand, or build new facilities that make or recycle energy-related products, and for projects in communities where coal mines have closed or coal-fired electric units have been retired.

Action Timeline

Action DateTypeTextSource
2021-03-09IntroReferralRead twice and referred to the Committee on Finance.Senate
2021-03-09IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Taxation
See Subjects
  • Air quality
  • Alternative and renewable resources
  • Business investment and capital
  • Climate change and greenhouse gases
  • Congressional oversight
  • Electric power generation and transmission
  • Energy efficiency and conservation
  • Energy storage, supplies, demand
  • Environmental technology
  • Hybrid, electric, and advanced technology vehicles
  • Income tax credits
  • Industrial facilities
  • Manufacturing
  • Solid waste and recycling

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