FuelCell Energy Inc (FCEL)

[krays]

Heller Amendment #3 to the Tax Cuts and Jobs Act

Cosponsors: Portman

Short Title: Technologies for Energy Jobs and Security Act

Description of the Amendment:
This amendment:

1. Extends the 30% investment tax credit (ITC) for stationary fuel cell and small wind projects that begin construction during calendar years 2017, 2018, and 2019—phasing down to 26% for projects in 2020, 22% for 2021, and phasing out completely after December 31, 2021.
2. Provides parity for geothermal power with solar power, allowing a 30% ITC for commercial geothermal projects that begin construction during calendar years 2017, 2018, and 2019—phasing down to 26% for projects in 2020, 22% for 2021, and returning to the prior rate of 10% after December 31, 2021.
3. Extends the 10% ITC for microturbines, thermal energy, and combined heat and power (CHP) systems that begin construction on or before December 31, 2021.
4. Makes waste heat to power eligible alongside CHP for the 10% ITC for projects commencing construction until December 31, 2021.
5. Retroactively reinstates the Section 25D residential energy credits and extends them through December 31, 2021.

Effective for tax years beginning in 2017.
Offsets: To be provided.


https://www.finance.senate.gov/imo/media/doc/Master%20Tax%20Amendments.pdf?hootPostID=1ba46350e7d5612e848d8bce882a6eb6