The Senate Finance Committee and the House Ways and Means Committee sent inquiries to a number of commercial and residential solar power system developers seeking information about their use of federal tax incentives.
News & Insights
Energy trade groups urged Congress to take immediate action to extend expiring renewable energy tax incentives for their respective industries.
House Representative Michael M. Honda (D-CA) introduced the Energy Storage for Grid Resilience and Modernization Act of 2016, which would amend the Internal Revenue Code to provide energy investment credits for energy storage properties connected to the grid.
The U.S. Senate Finance Committee debated energy tax policy at a hearing titled "Energy Tax Policy in 2016 and Beyond."
Senate Finance Committee Chair Orrin Hatch (R-UT) requested information on the use and administration of the Treasury Department's Section 1603 cash grants and energy tax credits from the Treasury, the Internal Revenue Service and the Treasury Inspector General for Tax Administration.