HR 7491
Energy Tax Credit Direct Payment Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to revive a program from the American Recovery and Reinvestment Tax Act of 2009 that allows the Treasury Department to provide direct cash payments to businesses and individuals claiming tax credits for investments in clean energy technologies. Specifically, it expands the program’s timeframe to include payments for investments made in 2020 and 2021, and extends the deadline for receiving these payments. The bill modifies existing tax code sections to facilitate these direct payments instead of credits.
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Primary sponsor
Cosponsors
Michael F. Q. [D-GU-At Large] San Nicolas
Tj Cox
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