STORAGE 2013 Act

Summary

Storage Technology for Renewable and Green Energy Act of 2013 or the STORAGE 2013 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive, store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid; (2) make such property eligible for new clean renewable energy bond financing; (3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and (4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

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Timeline

1. 23 May 2013

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3848-3849)

   Source: IntroReferral

2. 23 May 2013

   Introduced

   Sponsor introductory remarks on measure. (CR S3847-3848)

   Source: IntroReferral

3. 23 May 2013

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 May 2013 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 May 2013

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 May 2013

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 May 2013

  Open at official source

Sponsors

• Ron Wyden · D · Sponsor
• Susan Collins · R · Sponsor
• Jeff Merkley · D · Sponsor
• Angus King · I · Sponsor
• Sen. Franken, Al [D-MN] · D · Cosponsor
• Brian Schatz · D · Cosponsor
• Kirsten Gillibrand · D · Cosponsor
• Sen. Walsh, John E. [D-MT] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → STORAGE 2013 Act