United States 119th Congress Status: In Committee Bipartisan · 2 R · 2 D cosponsors

S 1043 — A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 13, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 38% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 2 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill extends the energy credit for qualified fuel cell property to 2032.

This bill extends the energy investment tax credit for qualified fuel cell property by eight years, allowing construction to begin until December 31, 2032. The credit can cover up to 30% of the costs involved.

What this means for you
  • Workers: This means potential job opportunities in the energy sector as the deadline for fuel cell property construction is extended.

Summary

This bill extends the energy investment tax credit for qualified fuel cell property for eight years.Under current law, an energy investment tax credit of up to 30% of the cost of qualified fuel cell property is available provided construction of the qualified fuel cell property begins on or before December 31, 2024. This bill extends the energy investment tax credit to include qualified fuel cell property where construction begins on or before December 31, 2032.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill extends the expiration date of the energy credit for qualified fuel cell property from January 1, 2025, to January 1, 2033.

  • Section 48(c)(1)(E)

    January 1, 2025 → January 1, 2033

    This change allows for a longer eligibility period for the energy credit, incentivizing investment in qualified fuel cell property.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 543 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (543)

543 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation energy
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Frequently asked questions

What does S 1043 do?
This bill extends the energy investment tax credit for qualified fuel cell property for eight years.Under current law, an energy investment tax credit of up to 30% of the cost of qualified fuel cell property is available provided construction of the qualified fuel cell property begins on or before December 31, 2024. This bill extends the energy investment tax credit to include qualified fuel cell property where construction begins on or before December 31, 2032.
Who sponsors S 1043?
S 1043 is sponsored by Graham, Lindsey (Republican), Blumenthal, Richard (Democratic), Tillis, Thomas (Republican), and Blunt Rochester, Lisa (Democratic).
What is the current status of S 1043?
This bill is in committee in the Senate. Introduced March 13, 2025. It must pass committee before a floor vote.
Where can I track S 1043?
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Last checked for changes 3 months ago · updated continuously

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