S.Amdt. 1429

SA 1429. Mr. HEINRICH (for himself and Mr. Gardner) submitted an
amendment intended to be proposed to amendment SA 1407 submitted by Ms.
Murkowski and intended to be proposed to the bill S. 2657, to support
innovation in advanced geothermal research and development, and for
other purposes; which was ordered to lie on the table; as follows:

At the end, add the following:

TITLE IV--AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986

SEC. 4001. ENERGY CREDIT FOR ENERGY STORAGE TECHNOLOGIES.

(a) In General.--Subclause (II) of section 48(a)(2)(A)(i)
of the Internal Revenue Code of 1986 is amended by striking
``paragraph (3)(A)(i)'' and inserting ``clause (i) or (viii)
of paragraph (3)(A)''.
(b) Energy Storage Technologies.--Subparagraph (A) of
section 48(a)(3) of the Internal Revenue Code of 1986 is
amended by striking ``or'' at the end of clause (vi), by
adding ``or'' at the end of clause (vii), and by adding at
the end the following new clause:
``(viii) equipment which receives, stores, and delivers
energy using batteries, compressed air, pumped hydropower,
hydrogen storage (including hydrolysis), thermal energy
storage, regenerative fuel cells, flywheels, capacitors,
superconducting magnets, or other technologies identified by
the Secretary in consultation with the Secretary of Energy,
and which has a capacity of not less than 5 kilowatt
hours,''.
(c) Phaseout of Credit.--Paragraph (6) of section 48(a) of
the Internal Revenue Code of 1986 is amended--
(1) by striking ``energy'' in the heading and inserting
``and energy storage''; and
(2) by striking ``paragraph (3)(A)(i)'' both places it
appears and inserting ``clause (i) or (viii) of paragraph
(3)(A)''.
(d) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2019.

SEC. 4002. RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT FOR
BATTERY STORAGE TECHNOLOGY.

(a) In General.--Subsection (a) of section 25D of the
Internal Revenue Code of 1986 is amended by striking ``and''
at the end of paragraph (4), by inserting ``and'' after the
comma at the end of paragraph (5), and by adding at the end
the following new paragraph:
``(6) the qualified battery storage technology
expenditures,''.
(b) Qualified Battery Storage Technology Expenditure.--
Subsection (d) of section 25D of the Internal Revenue Code of
1986 is amended by adding at the end the following new
paragraph:
``(6) Qualified battery storage technology expenditure.--
The term `qualified battery storage technology expenditure'
means an expenditure for battery storage technology which--
``(A) is installed on or in connection with a dwelling unit
located in the United States and used as a residence by the
taxpayer, and
``(B) has a capacity of not less than 3 kilowatt hours.''.
(c) Effective Date.--The amendments made by this section
shall apply to expenditures paid or incurred in taxable years
beginning after December 31, 2019.
______