Section 1 Short title
This Act may be cited as the “Fuel Cell Tax Extenders Act of 2015”.
Fuel Cell Tax Extenders Act of 2015
A BILL
To extend and modify certain provisions of the Internal Revenue Code of 1986 relating to fuel cells and hydrogen.
Sec. 2 Extension and modification of fuel cell credits
Extension of residential energy efficient property credit for qualified fuel cell property—
In general— Section 25D(g) of the Internal Revenue Code of 1986 is amended by inserting after “property placed in service after December 31, 2016” the following: “(December 31, 2021, in the case of qualified fuel cell property (as defined in section 48(c)(1)))”.
Effective date— The amendment made by this subsection shall apply to property placed in service after the date of the enactment of this Act.
Extension of energy credit—
by striking “for any period” and inserting “on which construction was commenced”, and
by striking “December 31, 2016” and inserting “December 31, 2021”.
Effective date— The amendments made by this subsection shall apply to property on which construction was commenced after the date of the enactment of this Act.
Sec. 3 Extension and modification of hydrogen-related credits
Extension of alternative motor vehicle credit—
In general— Section 30B(k)(1) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2014” and inserting “December 31, 2021”.
Effective date— The amendment made by this subsection shall apply to property purchased after December 31, 2014.
Extension and modification of alternative fuel vehicle refueling property credit—
Extension— Section 30C(g) of the Internal Revenue Code of 1986 is amended by striking “placed in service after December 31, 2014” and inserting the following:
“(1) in the case of property relating to hydrogen, after December 31, 2021, and
“(2) in the case of any other property, after December 31, 2014”
in paragraph (1) by striking “, and” and inserting “that does not relate to hydrogen,”,
by redesignating paragraph (2) as paragraph (3), and
by inserting after paragraph (1) the following new paragraph:
“(2) $200,000 in the case of a property of a character subject to an allowance for depreciation that relates to hydrogen, and”
Expansion of credit for hydrogen-related alternative fuel vehicle refueling property—
In general— Section 30C(c) of the Internal Revenue Code of 1986 is amended by striking “and” at the end of paragraph (1), by striking the period at the end of paragraph (2) and inserting “, and”, and by adding at the end the following new paragraph:
“(3) with respect to property described in section 179A(d)(3)(A) for the storage or dispensing of fuel at least 85 percent of the volume of which consists of hydrogen, the reference to motor vehicles in section 179A(d)(3)(A) includes specified off-highway vehicles.”
Specified off-highway vehicles defined— Section 30C(e) of such Code is amended by striking paragraph (6) and inserting the following:
“(6) Specified off-highway vehicles—For purposes of subsection (c)(3)—
“(A) In general—The term “specified off-highway vehicles” means all types of vehicles propelled by motor that are designed for carrying or towing loads from one place to another, regardless of the type of load or material carried or towed and whether or not the vehicle is registered or required to be registered for highway use, including fork lift trucks used to carry loads at railroad stations, industrial plants, and warehouses.
“(B) Exceptions—Such term does not include—
“(i) farm tractors, trench diggers, power shovels, bulldozers, road graders or rollers, and similar equipment which does not carry or tow a load, and
“(ii) any vehicle that operates exclusively on a rail or rails.”
Effective date— The amendments made by this subsection shall apply to property placed in service after December 31, 2014.
Extension and modification of alternative fuel credit for hydrogen—
Extension— Section 6426(d)(5) of the Internal Revenue Code of 1986 is amended by inserting after “December 31, 2014” the following: “(December 31, 2021, in the case of any sale or use involving hydrogen)”.
Expansion of credit to all hydrogen— Section 6426(d)(2)(D) of such Code is amended by striking “liquefied hydrogen” and inserting “hydrogen”.
Effective date— The amendments made by this subsection shall apply to property sold or used after December 31, 2014.