S 298 ISCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

1st SessionCommentsClose CommentsPermalink

S. 298CommentsClose CommentsPermalink

To drive American innovation and advanced vehicle manufacturing, to reduce costs for consumers, and for other purposes.CommentsClose CommentsPermalink

IN THE SENATE OF THE UNITED STATESCommentsClose CommentsPermalink

February 7, 2011CommentsClose CommentsPermalink

Ms. STABENOW introduced the following bill; which was read twice and referred to the Committee on FinanceCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To drive American innovation and advanced vehicle manufacturing, to reduce costs for consumers, and for other purposes.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) Short Title- This Act may be cited as the ‘Charging America Forward Act’.CommentsClose CommentsPermalink





(b) Table of Contents- The table of contents of this Act is as follows:CommentsClose CommentsPermalink





Sec. 1. Short title; table of contents.CommentsClose CommentsPermalink





Sec. 2. Extension and modification of new qualified hybrid motor vehicle credit.CommentsClose CommentsPermalink





Sec. 3. Extension of alternative fuel vehicle refueling property credit.CommentsClose CommentsPermalink





Sec. 4. Increase in limitation on number of new qualified plug-in electric drive motor vehicles.CommentsClose CommentsPermalink





Sec. 5. Refundability and transferability of credit for new qualified plug-in electric drive motor vehicles.CommentsClose CommentsPermalink





Sec. 6. Recovery period for depreciation of smart meters and smart grid systems.CommentsClose CommentsPermalink





Sec. 7. Business energy investment credits for certain used energy storage property.CommentsClose CommentsPermalink





Sec. 8. Nonbusiness energy property credit for certain residential energy storage property.CommentsClose CommentsPermalink





Sec. 9. Advanced battery manufacturing assistance.CommentsClose CommentsPermalink

SEC. 2. EXTENSION AND MODIFICATION OF NEW QUALIFIED HYBRID MOTOR VEHICLE CREDIT.

(a) Extension-CommentsClose CommentsPermalink





(1) IN GENERAL- Paragraph (3) of section 30B(k) of the Internal Revenue Code of 1986 is amended to read as follows:CommentsClose CommentsPermalink





‘(3) in the case of a new qualified hybrid motor vehicle (as described in subsection (d)(2)(B))--CommentsClose CommentsPermalink





‘(A) after December 31, 2009, and before January 1, 2011, andCommentsClose CommentsPermalink





‘(B) after December 31, 2014.’.CommentsClose CommentsPermalink





(2) CONFORMING AMENDMENTS- Section 30B(k) of such Code is amended--CommentsClose CommentsPermalink





(A) by striking ‘purchased after’ and inserting ‘purchased’,CommentsClose CommentsPermalink





(B) by inserting ‘after’ after ‘subsection (b)),’ in paragraph (1),CommentsClose CommentsPermalink





(C) by inserting ‘after’ after ‘subsection (d)(2)(A)),’ in paragraph (2), andCommentsClose CommentsPermalink





(D) by inserting ‘after’ after ‘subsection (e)),’ in paragraph (4).CommentsClose CommentsPermalink





(b) Qualified Incremental Hybrid Cost- Clause (iii) of section 30B(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking ‘does not exceed--’ and all that follows and inserting the following: ‘does not exceed--CommentsClose CommentsPermalink





‘(I) $15,000, if such vehicle has a gross vehicle weight rating of not more than 14,000 pounds;CommentsClose CommentsPermalink





‘(II) $30,000, if such vehicle has a gross vehicle weight rating of more than 14,000 pounds but not more than 26,000 pounds;CommentsClose CommentsPermalink





‘(III) $60,000, if such vehicle has a gross vehicle weight rating of more than 26,000 pounds but not more than 33,000 pounds; andCommentsClose CommentsPermalink





‘(IV) $100,000, if such vehicle has a gross vehicle weight rating more than 33,000 pounds.’.CommentsClose CommentsPermalink





(c) Credit Allowable for Certain Vehicles With a 10-Percent Fuel Economy Increase or Adequate Fuel Savings- Clause (ii) of section 30B(d)(2)(B) of the Internal Revenue Code of 1986 is amended by redesignating subclauses (I), (II), and (III) as subclauses (II), (III), and (IV), respectively, and by inserting before subclause (II) (as so redesignated) the following new subclause:CommentsClose CommentsPermalink





‘(I) 10 percent in the case of a vehicle to which clause (iii)(IV) applies if--CommentsClose CommentsPermalink

‘(aa) such vehicle achieves an increase in city fuel economy relative to a comparable vehicle of at least 20 percent but less than 30 percent, orCommentsClose CommentsPermalink

‘(bb) item (aa) and subclauses (II), (III), and (IV) do not apply to such vehicle and the fuel consumption of such vehicle is at least 700 gallons less than the fuel consumption of a comparable vehicle when driven 100,000 miles (as determined by the Secretary in consultation with the Administrator of the Environmental Protection Agency).’.CommentsClose CommentsPermalink

(d) Dollar Limitation- Subparagraph (B) of section 30B(d)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:CommentsClose CommentsPermalink





‘(vi) LIMITATION- The amount allowed as a credit under subsection (a)(3) with respect to a vehicle by reason of clause (i) of this subparagraph shall not exceed $24,000.’.CommentsClose CommentsPermalink





(e) Heavy Electric Vehicles- Paragraph (3) of section 30B(d) of the Internal Revenue Code of 1986 is amended by redesignating subparagraphs (B), (C), and (D) as subparagraphs (C), (D), and (E), respectively, and by inserting after subparagraph (A) the following new subparagraphs:CommentsClose CommentsPermalink





‘(B) HEAVY ELECTRIC VEHICLES- In the case of a vehicle with a gross vehicle weight rating of not less than 8,500 pounds, the term ‘new qualified hybrid motor vehicle’ includes a motor vehicle--CommentsClose CommentsPermalink





‘(i) which draws propulsion energy primarily from a rechargeable energy storage system; andCommentsClose CommentsPermalink





‘(ii) which meets the requirements of clauses (iii), (v), (vi), and (vii) of subparagraph (A).’.CommentsClose CommentsPermalink





(f) Credits May Be Transferred- Subsection (d) of section 30B of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(4) TRANSFERABILITY OF CREDIT-CommentsClose CommentsPermalink





‘(A) IN GENERAL- A taxpayer who places in service any vehicle may transfer the credit allowed under this subsection with respect to such vehicle through an assignment to the seller of such vehicle. Such transfer may be revoked only with the consent of the Secretary.CommentsClose CommentsPermalink





‘(B) REGULATIONS- The Secretary shall prescribe such regulations as necessary to ensure that any credit transferred under subparagraph (A) is claimed once and not reassigned by such other person.’.CommentsClose CommentsPermalink





(g) Effective Date- The amendments made by this section shall apply to vehicles acquired after December 31, 2010.CommentsClose CommentsPermalink

SEC. 3. EXTENSION OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT.

(a) In General- Subsection (g) of section 30C of the Internal Revenue Code of 1986 is amended by striking ‘placed in service--’ and all that follows and inserting ‘placed in service after December 31, 2014’.CommentsClose CommentsPermalink





(b) Increased Credit-CommentsClose CommentsPermalink





(1) CREDIT PERCENTAGE- Subsection (a) of section 30C of the Internal Revenue Code of 1986 is amended by striking ‘30 percent’ and inserting ‘50 percent’.CommentsClose CommentsPermalink





(2) DOLLAR LIMITATIONS- Subsection (b) of section 30C of such Code is amended--CommentsClose CommentsPermalink





(A) by striking ‘$30,000’ in paragraph (1) and inserting ‘$50,000’,CommentsClose CommentsPermalink





(B) by striking ‘depreciation, and’ in paragraph (1) and inserting ‘depreciation which is not described in paragraph (2),’,CommentsClose CommentsPermalink





(C) by redesignating paragraph (2) as paragraph (3),CommentsClose CommentsPermalink





(D) by inserting after paragraph (1) the following new paragraph:CommentsClose CommentsPermalink





‘(2) the greater of--CommentsClose CommentsPermalink





‘(A) $50,000, orCommentsClose CommentsPermalink





‘(B) $10,000 for each single charging device designed to recharge a motor vehicle propelled by electricity,CommentsClose CommentsPermalink





in the case of any property relating to electricity, and’, andCommentsClose CommentsPermalink





(E) by striking ‘$1,000’ in paragraph (3), as redesignated by subparagraph (C), and inserting ‘$2,000’.CommentsClose CommentsPermalink





(3) CONFORMING AMENDMENT- Subparagraph (A) of section 30C(e)(6) of such Code is amended by inserting ‘and which is placed in service before the date of the enactment of paragraph (7)’ after ‘hydrogen’.CommentsClose CommentsPermalink





(c) Treatment of Personal Credit-CommentsClose CommentsPermalink





(1) IN GENERAL- Paragraph (2) of section 30C(d) of the Internal Revenue Code of 1986 is amended to read as follows:CommentsClose CommentsPermalink





‘(2) PERSONAL CREDIT-CommentsClose CommentsPermalink





‘(A) IN GENERAL- For purposes of this title, the credit allowed under subsection (a) for any taxable year (determined after application of paragraph (1)) shall be treated as a credit allowable under subpart A for such taxable year.CommentsClose CommentsPermalink





‘(B) LIMITATION BASED ON AMOUNT OF TAX- In the case of a taxable year to which section 26(a)(2) does not apply, the credit allowed under subsection (a) for any taxable year (determined after application of paragraph (1)) shall not exceed the excess of--CommentsClose CommentsPermalink





‘(i) the sum of the regular tax liability (as defined in section 26(b)) plus the tax imposed by section 55, overCommentsClose CommentsPermalink





‘(ii) the sum of the credits allowable under subpart A (other than this section and sections 25D and 30D) and section 27 for the taxable year.’.CommentsClose CommentsPermalink





(2) CONFORMING AMENDMENT- Clause (ii) of section 30D(c)(2)(B) is amended by striking ‘section 25D’ and inserting ‘sections 25D and 30C’.CommentsClose CommentsPermalink





(d) Treatment of Property Used by Tax-Exempt Entity- Paragraph (2) of section 30C(e) of the Internal Revenue Code of 1986 is amended by striking the last sentence.CommentsClose CommentsPermalink





(e) Joint Ownership of Electric Vehicle Recharging Property- Subsection (e) of section 30C of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(7) JOINT OWNERSHIP OF ELECTRIC VEHICLE RECHARGING PROPERTY-CommentsClose CommentsPermalink





‘(A) IN GENERAL- Any property relating to electricity shall not fail to be treated as qualified alternative fuel vehicle refueling property solely because such property is placed in service with respect to 2 or more dwelling units.CommentsClose CommentsPermalink





‘(B) LIMITS APPLIED SEPARATELY- In the case of any qualified alternative fuel vehicle refueling property relating to electricity which is placed in service with respect to 2 or more dwelling units, this section (other than this subparagraph) shall be applied separately with respect to the portion of such property attributable to each such dwelling unit.’.CommentsClose CommentsPermalink





(f) Definition of Alternative Fuel Vehicle Refueling Property in the Case of Electricity-CommentsClose CommentsPermalink





(1) IN GENERAL- Subparagraph (B) of section 179A(d)(3) of the Internal Revenue Code of 1986 is amended to read as follows:CommentsClose CommentsPermalink





‘(B) for the recharging of motor vehicles propelled by electricity, including electrical panel upgrades, wiring, conduit, trenching, pedestals, and related equipment.’.CommentsClose CommentsPermalink





(2) BUILDING COMPONENTS- Subsection (d) of section 179A of such Code is amended by inserting ‘, except for property described in paragraph (3)(B),’ after ‘not including a building and’.CommentsClose CommentsPermalink





(g) Effective Date- The amendments made by this section shall apply to property placed in service after December 31, 2010.CommentsClose CommentsPermalink

SEC. 4. INCREASE IN LIMITATION ON NUMBER OF NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.

(a) In General- Paragraph (2) of section 30D(e) of the Internal Revenue Code of 1986 is amended by striking ‘200,000’ and inserting ‘500,000’.CommentsClose CommentsPermalink





(b) Effective Date- The amendment made by subsection (a) shall apply to vehicles sold after the date of the enactment of this Act.CommentsClose CommentsPermalink

SEC. 5. REFUNDABILITY AND TRANSFERABILITY OF CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.

(a) Credit Made Refundable-CommentsClose CommentsPermalink





(1) IN GENERAL- The Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(A) by redesignating section 30D, as amended by this Act, as section 36D, andCommentsClose CommentsPermalink





(B) by moving section 36D (as so redesignated) from subpart D of part IV of subchapter A of chapter 1 to the location immediately before section 37 in subpart C of part IV of subchapter A of chapter 1.CommentsClose CommentsPermalink





(2) CONFORMING AMENDMENTS-CommentsClose CommentsPermalink





(A) Section 24(b)(3)(B) of the Internal Revenue Code of 1986 is amended by striking ‘30B, and 30D’ and inserting ‘and 30B’.CommentsClose CommentsPermalink





(B) Section 25(e)(1)(C) of such Code is amended by striking ‘30D,’.CommentsClose CommentsPermalink





(C) Section 25A(i)(5)(B) of such Code is amended by striking ‘sections 25D and 30D’ and inserting ‘section 25D’.CommentsClose CommentsPermalink





(D) Section 25B(g)(2) of such Code is amended by striking ‘30B, and 30D’ and inserting ‘and 30B’.CommentsClose CommentsPermalink





(E) Section 26(a)(1) of such Code is amended by striking ‘30B, and 30D’ and inserting ‘and 30B’.CommentsClose CommentsPermalink





(F) Section 30(c)(2)(B)(ii) of such Code is amended by striking ‘sections 25D and 30D’ and inserting ‘section 25D’.CommentsClose CommentsPermalink





(G) Section 30B(d)(3)(D) of such Code is amended by striking ‘30D (determined without regard to subsection (c) thereof)’ and inserting ‘36D’.CommentsClose CommentsPermalink





(H) Section 30B(g)(2)(B)(ii) of such Code is amended by striking ‘, 30, and 30D’ and inserting ‘and 30’.CommentsClose CommentsPermalink





(I) Section 30B(i)(2) of such Code is amended by striking ‘30D’ and inserting ‘36D’.CommentsClose CommentsPermalink





(J) Section 30C(d)(2)(B) of such Code, as amended by this Act, is amended by striking ‘sections 25D and 30D’ and inserting ‘section 25D’.CommentsClose CommentsPermalink





(K) Section 38(b) of such Code is amended by adding ‘plus’ at the end of paragraph (34), by striking paragraph (35), and by redesignating paragraph (36) as paragraph (35).CommentsClose CommentsPermalink





(L) Section 48C(c)(1)(A)(i)(VI) of such Code is amended by striking ‘30D’ and inserting ‘36D’.CommentsClose CommentsPermalink





(M) Section 904(i) of such Code is amended by ‘30B, and 30D’ and inserting ‘and 30B’.CommentsClose CommentsPermalink





(N) Section 1016(a)(37) of such Code is amended by striking ‘30D(f)(1)’ and inserting ‘36D(f)(1)’.CommentsClose CommentsPermalink





(O) Section 1400C(d)(2) of such Code is amended by striking ‘30B, and 30D’ and inserting ‘and 30B’.CommentsClose CommentsPermalink





(P) Section 6501(m) of such Code is amended by striking ‘30D(e)(4)’ and inserting ‘section 36D(e)(6)’.CommentsClose CommentsPermalink





(Q) The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by striking the item relating to section 30D.CommentsClose CommentsPermalink





(R) Paragraph (2) of section 1324(b) of title 31, United States Code is amended by inserting ‘36D,’ after ‘36C,’.CommentsClose CommentsPermalink





(S) The table of sections for subpart C of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 36C the following new item:CommentsClose CommentsPermalink





‘Sec. 36D. New qualified plug-in electric drive motor vehicles.’.CommentsClose CommentsPermalink





(b) Transferability of Credit-CommentsClose CommentsPermalink





(1) IN GENERAL- Subsection (c) of section 36D of the Internal Revenue Code of 1986 is amended to read as follows:CommentsClose CommentsPermalink





‘(c) Credit May Be Transferred-CommentsClose CommentsPermalink





‘(1) IN GENERAL- A taxpayer may, in connection with the purchase of a new qualified plug-in electric drive motor vehicle, transfer any the credit allowed under subsection (a)--CommentsClose CommentsPermalink





‘(A) to any person who is in the trade or business of selling new qualified plug-in electric drive motor vehicles and who sold such vehicle to the taxpayer, orCommentsClose CommentsPermalink





‘(B) to any person who is in the trade or business of financing the sales of new qualified plug-in electric drive motor vehicles and who--CommentsClose CommentsPermalink





‘(i) financed the taxpayer’s purchase of such vehicle, orCommentsClose CommentsPermalink





‘(ii) purchases an installment obligation incurred for the purchase of such vehicle.CommentsClose CommentsPermalink





‘(2) DISCLOSURE- A taxpayer may transfer a refundable credit described in paragraph (1) to a person described in subparagraph (A) thereof only if such person clearly discloses to such taxpayer, through the use of a window sticker attached to the new qualified plug-in electric drive motor vehicle--CommentsClose CommentsPermalink





‘(A) the amount of the credit under subsection (a) with respect to such vehicle, andCommentsClose CommentsPermalink





‘(B) a notification that the taxpayer will not be eligible for any credit under any other section of this title with respect to such vehicle unless the taxpayer elects not to have this section apply with respect to such vehicle.CommentsClose CommentsPermalink





‘(3) CERTIFICATION- A transferee of a credit under subsection (a) may not claim such credit unless such claim is accompanied by a certification to the Secretary that the transferee reduced the price the taxpayer paid or the balance due to the financier, whichever is applicable, for the new qualified plug-in electric drive motor vehicle by the entire amount of such refundable credit.CommentsClose CommentsPermalink





‘(4) CONSENT REQUIRED FOR REVOCATION- Any transfer under paragraph (1) may be revoked only with the consent of the Secretary.CommentsClose CommentsPermalink





‘(5) REGULATIONS- The Secretary--CommentsClose CommentsPermalink





‘(A) may prescribe such regulations as necessary to ensure that credit transferred under paragraph (1) is claimed once and not retransferred by a transferee, andCommentsClose CommentsPermalink





‘(B) shall prescribe such regulations as necessary to provide a mechanism by which the transferee may claim and receive the credit as soon as practical but not longer than 90 days after the sale of the new qualified plug-in electric drive motor vehicle.’.CommentsClose CommentsPermalink





(c) Display of Credit Information- Section 32908(b)(1) of title 49, United States Code, is amended--CommentsClose CommentsPermalink





(1) by redesignating subparagraphs (E) and (F) as subparagraphs (F) and (G), andCommentsClose CommentsPermalink





(2) by inserting after subparagraph (D) the following new subparagraph:CommentsClose CommentsPermalink





‘(V) the amount of the new qualified plug-in electric drive motor vehicle credit allowable with respect to the sale of the automobile under section 36D of the Internal Revenue Code of 1986.’.CommentsClose CommentsPermalink





(d) Effective Date- The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.CommentsClose CommentsPermalink

SEC. 6. RECOVERY PERIOD FOR DEPRECIATION OF SMART METERS AND SMART GRID SYSTEMS.

(a) In General- Subparagraph (B) of section 168(e)(3) of the Internal Revenue Code of 1986 is amended by striking ‘and’ at the end of clause (vi), by striking the period at the end of clause (vii) and inserting ‘, and’, and by adding at the end the following new clauses:CommentsClose CommentsPermalink





‘(viii) any qualified smart electric meter, andCommentsClose CommentsPermalink





‘(ix) any qualified smart electric grid system.’.CommentsClose CommentsPermalink





(b) Conforming Amendments- Subparagraph (D) of section 168(e)(3) of the Internal Revenue Code of 1986 is amended by inserting ‘and’ at the end of clause (i), by striking the comma at the end of clause (ii) and inserting a period, and by striking clauses (iii) and (iv).CommentsClose CommentsPermalink





(c) Effective Date- The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.CommentsClose CommentsPermalink

SEC. 7. BUSINESS ENERGY INVESTMENT CREDITS FOR CERTAIN USED ENERGY STORAGE PROPERTY.

(a) 50-Percent Credit Allowed- Subparagraph (A) of section 48(a)(2) of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(1) by redesignating clause (ii) as clause (iii),CommentsClose CommentsPermalink





(2) by inserting ‘or (ii)’ after ‘clause (i)’ in clause (iii), as so redesignated, andCommentsClose CommentsPermalink





(3) by inserting after clause (i) the following new clause:CommentsClose CommentsPermalink





‘(ii) 50 percent in the case of qualified used energy storage property which is not described in subsection (c)(5)(B), and’.CommentsClose CommentsPermalink





(b) 30-Percent Credit for Certain Energy Storage Property Used for Onsite Storage- Clause (i) of section 48(a)(2)(A) of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(1) by striking ‘and’ at the end of subclause (III), andCommentsClose CommentsPermalink





(2) by adding at the end the following new subclause:CommentsClose CommentsPermalink





‘(V) qualified used energy storage property described in subsection (c)(5)(B),’.CommentsClose CommentsPermalink





(c) Qualified Used Energy Storage Property- Subsection (c) of section 48 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(5) QUALIFIED USED ENERGY STORAGE PROPERTY- The term ‘qualified used energy storage property’ means pre-owned advanced large format automotive propulsion battery cells previously used in a qualified plug-in electric drive motor vehicle (as defined in section 36D(d)) which are reconditioned into--CommentsClose CommentsPermalink





‘(A) property--CommentsClose CommentsPermalink





‘(i) which is designed to receive electrical energy, to store such energy, to convert such energy to electricity, and to deliver such electricity for support to the transmission or distribution grid or for sale to unrelated parties,CommentsClose CommentsPermalink





‘(ii) which has the ability to store in the aggregate not less than 50 kilowatt hours of energy,CommentsClose CommentsPermalink





‘(iii) which has the ability to attain a peak power output of 20 kilowatts, orCommentsClose CommentsPermalink





‘(B) property--CommentsClose CommentsPermalink





‘(i) which--CommentsClose CommentsPermalink





‘(I) is primarily designed and used to receive and store intermittent renewable energy generated on-site and to deliver such energy for primarily on-site consumption, orCommentsClose CommentsPermalink





‘(II) provides supplemental energy to reduce peak energy requirements on-site,CommentsClose CommentsPermalink





‘(ii) which has the ability to store the energy equivalent of not less than 20 kilowatt hours of energy, andCommentsClose CommentsPermalink





‘(iii) which has the ability to maintain an output of the energy equivalent of not less than 20 kilowatt hours of electricity for a period of not less than 2 hours.CommentsClose CommentsPermalink





Such term may include property described in subparagraph (B) which is used to charge plug-in vehicles, but shall not include any property for which any other credit is allowed under this chapter.’.CommentsClose CommentsPermalink





(d) 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).CommentsClose CommentsPermalink

SEC. 8. NONBUSINESS ENERGY PROPERTY CREDIT FOR CERTAIN RESIDENTIAL ENERGY STORAGE PROPERTY.

(a) Credit Allowed-CommentsClose CommentsPermalink





(1) IN GENERAL- Subsection (a) of section 25C of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(A) by striking ‘and’ at the end of paragraph (1),CommentsClose CommentsPermalink





(B) by striking ‘expenditures paid or incurred’ and all that follows in paragraph (2) and inserting ‘expenditures, other than expenditures for qualified used energy storage property described in subsection (d)(7), paid or incurred by the taxpayer during such taxable year, and’, andCommentsClose CommentsPermalink





(C) by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(3) 50 percent of the amount of the residential energy property expenditures for qualified used energy storage property described in subsection (d)(7) paid or incurred by the taxpayer during such taxable year.’.CommentsClose CommentsPermalink





(2) QUALIFIED ENERGY PROPERTY- Subparagraph (A) of section 25C(d)(2) of such Code is amended--CommentsClose CommentsPermalink





(A) by striking ‘or’ at the end of clause (ii),CommentsClose CommentsPermalink





(B) by striking the period at the end of clause (iii) and inserting ‘, or’, andCommentsClose CommentsPermalink





(C) by adding at the end the following new clause:CommentsClose CommentsPermalink





‘(iv) qualified used energy storage property.’.CommentsClose CommentsPermalink





(b) Property Described- Subsection (d) of section 25C of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(7) QUALIFIED USED ENERGY STORAGE PROPERTY- The term ‘qualified used energy storage property’ means property which is comprised of reconditioned pre-owned advanced large format automotive propulsion battery cells previously used in a qualified plug-in electric drive motor vehicle (as defined in section 36D(d)) and which--CommentsClose CommentsPermalink





‘(A) is primarily designed and used to receive and store intermittent renewable energy generated on-site and to deliver such energy for primarily on-site consumption,CommentsClose CommentsPermalink





‘(B) provides supplemental energy to reduce peak energy requirements on-site, orCommentsClose CommentsPermalink





‘(C) provides propulsion power for non-highway mobile applications for neighborhood or interior use.CommentsClose CommentsPermalink





Such term may include property described in subparagraph (B) which is used to charge plug-in or hybrid electric vehicles, but shall not include any property for which any other credit is allowed under this chapter.’.CommentsClose CommentsPermalink





(c) Effective Date- The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.CommentsClose CommentsPermalink

SEC. 9. ADVANCED BATTERY MANUFACTURING ASSISTANCE.

(a) In General- The Secretary of Energy (referred to in this section as the ‘Secretary’) shall make grants for the manufacturing of advanced batteries and components, and provide facility funding awards, to manufacturers of advanced battery systems and vehicle batteries that are produced in the United States, including manufacturers of advanced lithium ion batteries and hybrid electrical systems, component manufacturers, software designers, and system design and vehicle integrators.CommentsClose CommentsPermalink





(b) Appointment of Highly Qualified Individuals-CommentsClose CommentsPermalink





(1) IN GENERAL- Subject to paragraphs (2) through (4), notwithstanding section 3304 of title 5, United States Code, and without regard to sections 3309 through 3318 of that title, the Secretary, on a determination that there is a severe shortage of candidates or a critical hiring need for particular positions, may from funds made available to carry out this section, recruit and directly appoint highly qualified individuals into the competitive service to carry out this section.CommentsClose CommentsPermalink





(2) EXCEPTIONS- The authority provided under paragraph (1) shall not apply to positions in the excepted service or the Senior Executive Service.CommentsClose CommentsPermalink





(3) MERIT PRINCIPLES- Any action authorized under paragraph (1) shall be consistent with the merit principles of section 2301 of title 5, United States Code.CommentsClose CommentsPermalink





(4) PUBLIC NOTICE- In carrying out this subsection, the Secretary shall comply with the public notice requirements of section 3327 of title 5, United States Code.CommentsClose CommentsPermalink





(c) Authorization of Appropriations- There is authorized to be appropriated to carry out this section $2,000,000,000.CommentsClose CommentsPermalink