S. 1043 aims to amend the Internal Revenue Code of 1986 by extending the energy credit for qualified fuel cell property. The bill proposes changing the expiration date for the tax credit from January 1, 2025, to January 1, 2033. This extension would apply to properties whose...
Simple Explanation
The bill wants to extend the amount of time people can get a tax break for using a special kind of energy called "fuel cell" from 2025 all the way to 2033, which means they can save money on their taxes for using this type of clean energy.