Bill released with provision that would reinstate the Fuel Cell Investment Tax Credit
On Thursday, November 2nd the House Ways and Means Committee released their Tax Cuts and Jobs Act. Included in the bill is a provision that would reinstate the Fuel Cell Investment Tax Credit. We applaud the Committee for addressing the market disparity that was created in 2015. While this is only the first step in the legislative process, we are thankful to our champions in the House Ways and Means Committee, particularly Congressman Tom Reed (R-NY) and Patrick Meehan (R-PA). We also thank our friends off the Committee including John Faso (R-NY) and Paul Tonko (D-NY) for their tireless support. As we await passage in the House and then turn to the Senate, we are confident that our champions in both houses will keep fighting to get this done and restore parity for our growing industry here in the United States helping protect and grow good paying American manufacturing and service jobs.