1. Short title This Act may be cited as the Energy Sector Innovation Credit Act of 2019 . 2. Purposes The energy sector innovation credit is a technology-neutral approach that would leverage new private investment in nascent clean technologies, help cutting-edge technologies break into the market, and then naturally phasedown as each technology proves commercial viability. It could bring about the new technologies needed to quickly and cheaply reduce global emissions. The innovation ESIC incentivizes is key to a strong energy supply plus will help address the climate and environmental challenge of this generation. The United States must lead on clean energy technology development. 3. Investment credit for emerging energy technology (a) In general Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 48C the following new section: 48D. Emerging energy technology credit (a) In general For purposes of section 46, the emerging energy technology credit for any taxable year is an amount equal to 30 percent of the basis of any qualified emerging energy property placed in service by the taxpayer during such taxable year. (b) Certain qualified progress expenditure rules made applicable Rules similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect on the day before the enactment of the Revenue Reconciliation Act of 1990) shall apply for purposes of this section. (c) Qualified emerging energy property For purposes of this section— (1) In general The term qualified emerging energy property means property which is constructed, reconstructed, erected, or acquired by the taxpayer, and the original use of which commences with the taxpayer, which is— (A) a qualified production facility (as defined in section 45T(d), determined without regard to paragraph (2) thereof) which is a tier 1 facility (as defined in section 45T(e)(1)), or (B) property which is placed in service at and used in connection with an existing electric generating