,i #aacth ,,congress #b;d ,session ,h4 ,r4 #ddbf ,,in ,,the ,,house ,,of ,,representatives ,april #h1 #bjad ,ms4 ,lofgren 7for herself1 ,ms4 ,matsui1 ,mr4 ,honda1 ,ms4 ,pingree of ,maine1 ,mr4 ,clay1 ,ms4 ,norton1 ,ms4 ,chu1 ,mr4 ,israel1 ,mr4 ,cartwright1 ,ms4 ,clark of ,massachusetts1 ,mr4 ,quigley1 ,mr4 ,holt1 ,ms4 ,tsongas1 ,ms4 ,shea-,porter1 ,mr4 ,crdenas1 ,mrs4 ,capps1 ,mr4 ,george ,miller of ,california1 and ,mr4 ,schiff7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,energy and ,commerce1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to promote the domestic development and deployment of clean energy technologies required for the #bast century4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,clean ,energy ,victory ,bond ,act of #bjad4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,sec4 #b4 ,findings4 ,title ,i--,clean ,energy ,victory ,bonds ,sec4 #aja4 ,clean ,energy ,victory ,bonds4 ,title ,,ii--,revenue provisions ,sec4 #bja4 ,extension and modification of energy investment tax credit4 ,sec4 #bjb4 ,extension of residential energy efficient property credit4 ,sec4 #bjc4 ,extension and modification of credit for electricity produced from certain renewable resources4 ,sec4 #bjd4 ,extension of credit for nonbusiness energy property4 ,sec4 #bje4 ,performance based home energy improvements4 ,sec4 #bjf4 ,extension of new energy efficient home credit4 ,sec4 #bjg4 ,extension and modification of energy efficient commercial buildings deduction4 ,sec4 #bjh4 ,plug-in electric vehicle grants in lieu of tax credits4 #b4 ,findings ,congress finds the following3 7#a7 ,there is enormous potential for increasing renewable energy production and energy efficiency installation in the ,united ,states4 7#b7 ,a major barrier to rapid expansion of renewable energy and energy efficiency is upfront capital costs4 ,government tax incentives and other assistance programs have proven beneficial in encouraging private sector development1 manufacturing and installation of renewable energy and energy efficiency projects nationwide4 ,however1 these government incentives are not currently meeting demand from the private sector1 and we are not taking full advantage of the potential for clean energy and transportation1 as well as energy efficiency in the ,united ,states4 7#c7 ,other nations1 including ,china and ,germany are ahead of the ,united ,states in manufacturing and deploying various clean energy technologies1 even though the ,united ,states invented many of these technologies4 7#d7 ,investments in renewable energy and energy efficiency projects in the ,united ,states create green jobs for ,u4,s4 citizens across the ,united ,states4 ,hundreds of thousands of jobs could be created through expanded government support for clean energy and energy efficiency4 7#e7 ,as ,americans choose energy efficiency and clean energy and transportation1 it reduces our dependence on foreign oil and improves our energy security4 7#f7 ,bonds are a low-cost method for encouraging clean energy1 not requiring direct budget allocations or expenditures4 ,the projects supported through ,clean ,energy ,victory ,bonds will create jobs and business revenues that will increase ,federal tax revenues1 while simultaneously reducing health and environmental costs incurred by the ,federal ,government nationwide4 7#g7 ,in ,world ,war ,,ii1 over #hj percent of ,american households purchased ,victory ,bonds to support the war effort1 raising over #ahe billion1 or over #b trillion in today's dollars4 ,i ,clean ,energy ,victory ,bonds #aja4 ,clean ,energy ,victory ,bonds 7a7 ,initial capitalization ,the ,secretary of the ,treasury shall issue ,clean ,energy ,victory ,bonds in an amount not to exceed #g1ejj1jjj1jjj on the credit of the ,united ,states for purposes of raising revenue for the extension of certain energy-related tax benefits extended by this ,act4 7b7 ,denominations and maturity ,clean ,energy ,victory ,bonds shall be in the form of ,united ,states ,savings ,bonds of ,series ,,ee or as administered by the ,bureau of the ,public ,debt of the ,department of the ,treasury in denominations of #be1 and shall mature within such periods as determined by the ,secretary of the ,treasury4 7c7 ,interest ,clean ,energy ,victory ,bonds shall bear interest at the rate the ,secretary of the ,treasury sets for ,savings ,bonds of ,series ,,ee and ,series ,i1 plus a rate of return determined by the ,secretary of the ,treasury which is based on the valuation of carbon mitigated or energy saved through funded projects funded from the proceeds of such bonds4 7d7 ,promotion 7#a7 ,in general ,the ,secretary of the ,treasury shall take such actions1 independently and in conjunction with financial institutions offering ,clean ,energy ,victory ,bonds1 to promote the purchase of ,clean ,energy ,victory ,bonds1 including campaigns describing the financial and social benefits of purchasing ,clean ,energy ,victory ,bonds4 7#b7 ,promotional activities ,such promotional activities may include advertisements1 pamphlets1 or other promotional materials-- 7,a7 in periodicals2 7,b7 on billboards and other outdoor venues2 7,c7 on television2 7,d7 on radio2 7,e7 on the ,internet2 7,f7 within financial institutions that offer ,clean ,energy ,victory ,bonds2 or 7,g7 any other venues or outlets the ,secretary of the ,treasury may identify4 7#c7 ,limitation ,there are authorized to be appropriated for such promotional activities not more than-- 7,a7 #aj1jjj1jjj in the first year after the date of the enactment of this ,act1 and 7,b7 #b1jjj1jjj in each year thereafter4 7e7 ,future capitalization 7#a7 ,in general ,after the initial capitalization limit is reached under subsection 7a71 the ,secretary of the ,treasury may issue additional ,clean ,energy ,victory ,bonds on the credit of the ,united ,states4 7#b7 ,single issue limitation ,no such additional issue may exceed #g1ejj1jjj1jjj4 7#c7 ,aggregate limitations ,the aggregate of any such additional issues during the #d-year period beginning on the day after the initial capitalization limit is reached under subsection 7a7 may not exceed #ej1jjj1jjj1jjj4 ,the aggregate of any such additional issues after the expiration of such #d-year period may not exceed #ej1jjj1jjj1jjj4 7f7 ,lawful investments ,clean ,energy ,victory ,bonds shall be lawful investments1 and may be accepted as security for all fiduciary1 trust1 and public funds1 the investment or deposit of which shall be under the authority or control of the ,united ,states or any officer or officers thereof4 ,,ii ,revenue provisions #bja4 ,extension and modification of energy investment tax credit 7a7 ,extension 7#a7 ,solar energy ,paragraphs 7#b77;,a77i77,,ii7 and 7#c77;,a77ii7 of section #dh7;a7 of the ,internal ,revenue ,code of #aihf are each amended by striking ,january #a1 #bjag and inserting ,january #a1 #bjbc4 7#b7 ,geothermal heat pumps ,clause 7vii7 of section #dh7;a77#c77;,a7 of such ,code is amended by striking ,january #a1 #bjag and inserting ,january #a1 #bjbc4 7#c7 ,fuel cell property ,subparagraph 7,d7 of section #dh7;c77#a7 of such ,code is amended by striking ,december #ca1 #bjaf and inserting ,december #ca1 #bjbb4 7#d7 ,microturbine property ,subparagraph 7,d7 of section #dh7;c77#b7 of such ,code is amended by striking ,december #ca1 #bjaf and inserting ,december #ca1 #bjbb4 7#e7 ,combined heat and power ,clause 7iv7 of section #dh7;c77#c7 of such ,code is amended by striking ,january #a1 #bjag and inserting ,january #a1 #bjbc4 7#f7 ,small wind ,subparagraph 7,c7 of section #dh7;c77#d7 of such ,code is amended by striking ,december #ca1 #bjaf and inserting ,december #ca1 #bjbb4 7#g7 ,offshore wind 7,a7 ,in general ,clause 7ii7 of section #dh7;a77#e77;,c7 of such ,code is amended-- 7i7 by striking is placed in service in and inserting the following3 is-- 7,i7 except as provided in subclause 7,,ii71 placed in service in 1 7ii7 by adding at the end the following new subclause3 7,,ii7 in the case of an offshore wind facility1 placed in service after ,december #ca1 #bjjh1 and before ,january #a1 #bjba1 and 4 7,b7 ,offshore wind facility ,paragraph 7#e7 of section #dh7;a7 of such ,code is amended by adding at the end the following new subparagraph3 7,e7 ,offshore wind facility ,the term offshore wind facility means any qualified facility described in section #de7;d77#a7 and located in the inland navigable waters of the ,united ,states1 including the ,great ,lakes1 or in the coastal waters of the ,united ,states1 including the territorial seas of the ,united ,states1 the exclusive economic zone of the ,united ,states1 and the outer ,continental ,shelf of the ,united ,states4 4 7b7 ,modification of fuel cell property ,paragraph 7#a7 of section #dh7;c7 of such ,code1 as amended by this ,act1 is amended by redesignating subparagraph 7,d7 as subparagraph 7,e7 and by inserting after subparagraph 7,c7 the following new subparagraph3 7,d7 ,exception for fuel derived from fossil fuels ,the term qualified fuel cell powerplant shall not include any fuel cell powerplant the fuel of which is derived from1 or is produced by using1 any fossil fuel4 4 7c7 ,effective date ,the amendments made by this section shall take effect on the date of the enactment of this ,act4 #bjb4 ,extension of residential energy efficient property credit 7a7 ,in general ,subsection 7g7 of section #be;,d of the ,internal ,revenue ,code of #aihf is amended by striking ,december #ca1 #bjaf and inserting ,december #ca1 #bjbc4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjaf4 #bjc4 ,extension and modification of credit for electricity produced from certain renewable resources 7a7 ,extension ,subsection 7d7 of section #de of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking ,january #a1 #bjac in paragraph 7#a7 and inserting ,january #a1 #bjbc1 7#b7 by striking ,january #a1 #bjad each place it appears in paragraphs 7#b71 7#c71 7#d71 7#i71 and 7#aa7 and inserting ,january #a1 #bjbc1 and 7#c7 by striking ,january #a1 #bjjf in paragraph 7#d7 and inserting ,january #a1 #bjbc4 7b7 ,modifications with respect to closed-,loop biomass 7#a7 ,in general ,paragraph 7#b7 of section #de7;c7 of such ,code is amended to read as follows3 7#b7 ,closed-,loop biomass 7,a7 ,in general ,the term closed-loop biomass means any organic matter from a plant which-- 7i7 is planted exclusively for purposes of being used at a qualified facility to produce electricity1 or 7ii7 is a byproduct from harvesting timber 7including tops1 branches1 crooks7 or is invasive woody vegetation that interferes with regeneration or the natural growth of the forest from which timber is harvested4 7,b7 ,limitation ,for purposes of subparagraph 7,a77ii71 byproduct from harvesting timber shall not be treated as closed-loop biomass unless-- 7i7 such byproduct does not exceed #cj percent 7by weight7 of the harvested timber to which it relates1 and 7ii7 the percentage byproduct removed 7by weight7 does not exceed-- 7,i7 #be percent in the case of timber harvested from good soil1 and 7,,ii7 #j percent in the case of timber harvested from poor soil4 ,for purposes of the preceding sentence1 soil quality shall be determined by reference to soil classifications by the ,natural ,resources ,conservation ,service4 4 7#b7 ,qualified facility ,paragraph 7#b7 of section #de7;d7 of such ,code is amended by adding at the end the following new subparagraph3 7,d7 ,greenhouse gas emissions ,in the case of a facility placed in service after ,december #ca1 #bjad1 such term shall not include any facility unless1 with respect to the facility1 the taxpayer annually during the #aj-year period described in subsection 7a7 demonstrates to the satisfaction of the ,secretary that such facility's use of closed-loop biomass will result in a #ej-percent reduction in greenhouse gas emissions compared to a similar facility using natural gas combined-cycle generation4 4 7c7 ,modification of open-,loop biomass definition ,the second sentence of subparagraph 7,a7 of section #de7;c77#c7 of such ,code is amended-- 7#a7 by striking or biomass and inserting 1 biomass1 and 7#b7 by inserting before the period at the end the following3 1 any biomass which is primarily a food crop1 or biomass derived from any crop that displaces any forest existing on the date of the enactment of the ,clean ,energy ,victory ,bond ,act of #bjad4 7d7 ,modification of biofuel as qualified energy resource 7#a7 ,in general ,paragraph 7#a7 of section #de7;c7 of such ,code is amended by striking and at the end of subparagraph 7,h71 by striking the period at the end of subparagraph 7,i7 and inserting 1 and1 and by adding at the end the following new subparagraph3 7,j7 second generation biomass4 4 7#b7 ,second generation biomass defined ,subsection 7c7 of section #de of such ,code is amended by adding at the end the following new paragraph3 7#aa7 ,second generation biomass ,the term second generation biomass means any biomass which is composed of lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and that does not replace forested land 7other than any fuel described in section #dj7;b77#f77;,e77iii774 4 7#c7 ,qualified facility ,subsection 7d7 of section #de of such ,code is amended by adding at the end the following new paragraph3 7#ab7 ,second generation biomass ,in the case of a facility producing electricity from second generation biomass1 the term qualified facility means any facility owned by the taxpayer which is originally placed in service on or after the date of the enactment of this paragraph and before ,january #a1 #bjbc4 4 7#d7 ,conforming amendments 7,a7 ,subsection 7d7 of section #de of such ,code is amended by striking ,january #a1 #bjad each place it appears in paragraphs 7#b77;,a77i71 7#c71 7#f71 and 7#g7 and inserting the date of the enactment of the ,clean ,energy ,victory ,bond ,act of #bjad4 7,b7 ,clause 7ii7 of section #de7;d77#b77;,a7 of such ,code is amended by striking ,january #a1 #bjad1 and inserting the date of the enactment of the ,clean ,energy ,victory ,bond ,act of #bjad4 7e7 ,effective date ,the amendments made by this section shall apply to property placed in service after the date of the enactment of this ,act4 #bjd4 ,extension of credit for nonbusiness energy property 7a7 ,in general ,paragraph 7#b7 of section #be;,c7g7 of the ,internal ,revenue ,code of #aihf is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjbb4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #bje4 ,performance based home energy improvements 7a7 ,in general ,subpart ,a of part ,,iv of subchapter ,a of chapter #a is amended by adding at the end the following new section3 #be;,e4 ,performance based energy improvements 7a7 ,in general ,in the case of an individual1 there shall be allowed as a credit against the tax imposed by this chapter for the taxable year for a qualified whole home energy efficiency retrofit an amount determined under subsection 7b74 7b7 ,amount determined 7#a7 ,in general ,subject to paragraph 7#d71 the amount determined under this subsection is equal to-- 7,a7 the base amount under paragraph 7#b71 increased by 7,b7 the amount determined under paragraph 7#c74 7#b7 ,base amount ,for purposes of paragraph 7#a77;,a71 the base amount is #b1jjj1 but only if the energy use for the residence is reduced by at least #bj percent below the baseline energy use for such residence as calculated according to paragraph 7#e74 7#c7 ,increase amount ,for purposes of paragraph 7#a77;,b71 the amount determined under this paragraph is #ejj for each additional #e percentage point reduction in energy use4 7#d7 ,limitation ,in no event shall the amount determined under this subsection exceed the lesser of-- 7,a7 #e1jjj with respect to any residence1 or 7,b7 #cj percent of the qualified home energy efficiency expenditures paid or incurred by the taxpayer under subsection 7c7 with respect to such residence4 7#e7 ,determination of energy use reduction ,for purposes of this subsection-- 7,a7 ,in general ,the reduction in energy use for any residence shall be determined by modeling the annual predicted percentage reduction in total energy costs for heating1 cooling1 hot water1 and permanent lighting4 ,it shall be modeled using computer modeling software approved under subsection 7d77#b7 and a baseline energy use calculated according to subsection 7d77#a77;,c74 7,b7 ,energy costs ,for purposes of subparagraph 7,a71 the energy cost per unit of fuel for each fuel type shall be determined by dividing the total actual energy bill for the residence for that fuel type for the most recent available #ab-month period by the total energy units of that fuel type used over the same period4 7c7 ,qualified home energy efficiency expenditures ,for purposes of this section1 the term qualified home energy efficiency expenditures-- 7#a7 means any amount paid or incurred by the taxpayer during the taxable year for a qualified whole home energy efficiency retrofit1 including the cost of diagnostic procedures1 labor1 and modeling1 7#b7 includes only measures that have an average estimated life of #e years or more as determined by the ,secretary1 after consultation with the ,secretary of ,energy1 7#c7 does not include any amount which is paid or incurred in connection with any expansion of the building envelope of the residence1 and 7#d7 does not include improvements to swimming pools or hot tubs or any other expenditure specifically excluded by the ,secretary1 after consultation with the ,secretary of ,energy4 7d7 ,qualified whole home energy efficiency retrofit ,for purposes of this section-- 7#a7 ,in general ,the term qualified whole home energy efficiency retrofit means the implementation of measures placed in service during the taxable year intended to reduce the energy use of the principal residence of the taxpayer which is located in the ,united ,states4 ,a qualified whole home energy efficiency retrofit shall-- 7,a7 be designed1 implemented1 and installed by a contractor which is-- 7i7 accredited by the ,building ,performance ,institute 7hereafter in this section referred to as ,,bpi7 or a preexisting ,,bpi accreditation-based ,state certification program with enhancements to achieve ,state energy policy1 7ii7 a ,residential ,energy ,services ,network 7hereafter in this section referred to as ,,resnet7 accredited ,energy ,smart ,home ,performance ,team1 or 7iii7 accredited by an equivalent certification program approved by the ,secretary1 after consultation with the ,secretary of ,energy1 for this purpose1 7,b7 install a set of measures modeled to achieve a reduction in energy use of at least #bj percent below the baseline energy use established in subparagraph 7,c71 using computer modeling software approved under paragraph 7#b71 7,c7 establish the baseline energy use by calibrating the model using sections #c and #d and ,annex ,d of ,,bpi ,standard ,,bpi-#bdjj-,s-#bjaa3 ,standardized ,qualification of ,whole ,house ,energy ,savings ,estimates1 or an equivalent standard approved by the ,secretary1 after consultation with the ,secretary of ,energy1 for this purpose1 7,d7 document the measures implemented in the residence through photographs taken before and after the retrofit1 including photographs of its visible energy systems and envelope as relevant1 and 7,e7 implement a test-out procedure1 following guidelines of the applicable certification program specified under clause 7i7 or 7ii7 of subparagraph 7,a71 or equivalent guidelines approved by the ,secretary1 after consultation with the ,secretary of ,energy1 for this purpose1 to ensure-- 7i7 the safe operation of all systems post retrofit1 and 7ii7 that all improvements are included in1 and have been installed according to1 standards of the applicable certification program specified under clause 7i7 or 7ii7 of subparagraph 7,a71 or equivalent standards approved by the ,secretary1 after consultation with the ,secretary of ,energy1 for this purpose4 ,for purposes of subparagraph 7,a77iii71 an organization or ,state may submit an equivalent certification program for approval by the ,secretary1 in consultation with the ,secretary of ,energy4 ,the ,secretary shall approve or deny such submission not later than #ahj days after receipt1 and1 if the ,secretary fails to respond in that time period1 the submitted equivalent certification program shall be considered approved4 7#b7 ,approved modeling software ,for purposes of paragraph 7#a77;,b71 the contractor shall use modeling software certified by ,,resnet as following the software verification test suites in section #d4b4a of ,,resnet ,publication ,no4 #jf-jja or certified by an alternative organization as following an equivalent standard1 as approved by the ,secretary1 after consultation with the ,secretary of ,energy1 for this purpose4 7#c7 ,documentation ,the ,secretary1 after consultation with the ,secretary of ,energy1 shall prescribe regulations directing what specific documentation is required to be retained or submitted by the taxpayer in order to claim the credit under this section1 which shall include1 in addition to the photographs under paragraph 7#a77;,d71 a form approved by the ,secretary that is completed and signed by the qualified whole home energy efficiency retrofit contractor under penalties of perjury4 ,such form shall include-- 7,a7 a statement that the contractor followed the specified procedures for establishing baseline energy use and estimating reduction in energy use1 7,b7 the name of the software used for calculating the baseline energy use and reduction in energy use1 the percentage reduction in projected energy savings achieved1 and a statement that such software was certified for this program by the ,secretary1 after consultation with the ,secretary of ,energy1 7,c7 a statement that the contractor will retain the details of the calculations and underlying energy bills for #e years and will make such details available for inspection by the ,secretary or the ,secretary of ,energy1 if so requested1 7,d7 a list of measures installed and a statement that all measures included in the reduction in energy use estimate are included in1 and installed according to1 standards of the applicable certification program specified under clause 7i7 or 7ii7 of subparagraph 7,a71 or equivalent standards approved by the ,secretary1 after consultation with the ,secretary of ,energy1 7,e7 a statement that the contractor meets the requirements of paragraph 7#a77;,a71 and 7,f7 documentation of the total cost of the project in order to comply with the limitation under subsection 7b77#d77;,b74 7e7 ,additional rules ,for purposes of this section-- 7#a7 ,no double benefit 7,a7 ,in general ,with respect to any residence1 no credit shall be allowed under this section for any taxable year in which the taxpayer claims a credit under section #be;,c4 7,b7 ,renewable energy systems and appliances ,in the case of a renewable energy system or appliance that qualifies for another credit under this chapter1 the resulting reduction in energy use shall not be taken into account in determining the percentage energy use reductions under subsection 7b74 7,c7 ,no double benefit for certain expenditures ,the term qualified home energy efficiency expenditures shall not include any expenditure for which a deduction or credit is claimed by the taxpayer under this chapter for the taxable year or with respect to which the taxpayer receives any ,federal energy efficiency rebate4 7#b7 ,principal residence ,the term principal residence has the same meaning as when used in section #aba4 7#c7 ,special rules ,rules similar to the rules under paragraphs 7#d71 7#e71 7#f71 7#g71 and 7#h7 of section #be;,d7e7 and section #be;,c7e77#b7 shall apply1 as determined by the ,secretary1 after consultation with the ,secretary of ,energy4 7#d7 ,basis adjustments ,for purposes of this subtitle1 if a credit is allowed under this section with respect to any expenditure with respect to any property1 the increase in the basis of such property which would 7but for this paragraph7 result from such expenditure shall be reduced by the amount of the credit so allowed4 7#e7 ,election not to claim credit ,no credit shall be determined under subsection 7a7 for the taxable year if the taxpayer elects not to have subsection 7a7 apply to such taxable year4 7#f7 ,multiple year retrofits ,if the taxpayer has claimed a credit under this section in a previous taxable year1 the baseline energy use for the calculation of reduced energy use must be established after the previous retrofit has been placed in service4 7f7 ,termination ,this section shall not apply with respect to any costs paid or incurred after ,december #ca1 #bjbb4 7g7 ,secretary review ,the ,secretary1 after consultation with the ,secretary of ,energy1 shall establish a review process for the retrofits performed1 including an estimate of the usage of the credit and a statistically valid analysis of the average actual energy use reductions1 utilizing utility bill data collected on a voluntary basis1 and report to ,congress not later than ,june #cj1 #bjaf1 any findings and recommendations for-- 7#a7 improvements to the effectiveness of the credit under this section1 and 7#b7 expansion of the credit under this section to rental units4 4 7b7 ,conforming amendments 7#a7 ,section #ajaf7;a7 is amended-- 7,a7 by striking and at the end of paragraph 7#cf71 7,b7 by striking the period at the end of paragraph 7#cg7 and inserting 1 and1 and 7,c7 by adding at the end the following new paragraph3 7#ch7 to the extent provided in section #be;,e7e77#d71 in the case of amounts with respect to which a credit has been allowed under section #be;,e4 4 7#b7 ,section #feja7m7 is amended by inserting #be;,e7e77#e71 after section4 7#c7 ,the table of sections for subpart ,a of part ,,iv of subchapter ,a chapter #a is amended by inserting after the item relating to section #be;,d the following new item3 ,sec4 #be;,e4 ,performance based energy improvements4 4 7c7 ,effective date ,the amendments made by this section shall apply to amounts paid or incurred for a qualified whole home energy efficiency retrofit placed in service after ,december #ca1 #bjac4 #bjf4 ,extension of new energy efficient home credit 7a7 ,in general ,subsection 7g7 of section #de,l of the ,internal ,revenue ,code of #aihf is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjbb4 7b7 ,effective date ,the amendment made by this section shall apply to homes acquired after ,december #ca1 #bjac4 #bjg4 ,extension and modification of energy efficient commercial buildings deduction 7a7 ,in general ,subsection 7h7 of section #agi;,d of the ,internal ,revenue ,code of #aihf is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjbb4 7b7 ,increase in deduction limitations 7#a7 ,in general ,subparagraph 7,a7 of section #agi;,d7b77#a7 of such ,code is amended by striking #a4hj and inserting #c4jj4 7#b7 ,partial pay ,subparagraph 7,a7 of section #agi;,d7d77#a7 is amended by striking substituting 4#fj for #a4hj4 and inserting substituting #a4jj for #c4jj44 7#c7 ,reduced amount for lower efficiency property ,subsection 7d7 of section #agi;,d of such ,code is amended by adding at the end the following new paragraph3 7#a7 #cj to #ej percent property ,in the case of property which would be energy efficient commercial building property were subsection 7c77#a77;,d7 applied by substituting more than #cj percent and less than #ej percent for #ej percent or more1 subsection 7b7 shall be applied to such property by substituting #a4hj for #c4jj4 4 7c7 ,updating partial allowance regulations ,subparagraph 7,b7 of section #agi;,d7d77#a7 of such ,code is amended by adding at the end the following3 ,not later than #a year after the date of the enactment of the ,clean ,energy ,victory ,bond ,act of #bjad1 and every three years thereafter1 the ,secretary shall1 after consultation with the ,secretary of ,energy1 update the targets for such systems in such a manner as the ,secretary determines will encourage innovation in commercial building energy efficiency44 7d7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #bjh4 ,plug-in electric vehicle grants in lieu of tax credits 7a7 ,in general ,the ,secretary of ,energy1 in consultation with the ,secretary of the ,treasury1 shall establish a voluntary program through which the ,secretary of ,energy shall-- 7#a7 authorize the issuance of an electronic voucher to offset the purchase price of a qualified plug-in electric vehicle or a new qualified plug-in electric drive motor vehicle purchased from a dealer participating in the program2 7#b7 register dealers for participation in the program and require that all dealers so registered accept such vouchers as partial payment or down payment for the purchase of any such vehicle offered for sale by such dealer2 7#c7 make electronic payments to dealers for eligible transactions by such dealers2 and 7#d7 in consultation with the ,inspector ,general of the ,department of ,transportation establish and provide for the enforcement of measures to prevent and penalize fraud under the program4 7b7 ,voucher limitations ,a voucher issued under the program shall have a value that may be applied to offset the purchase price of a vehicle by-- 7#a7 in the case of a qualified plug-in electric vehicle1 #b1ejj2 or 7#b7 in the case of a new qualified plug-in electric drive motor vehicle1 #b1ejj plus an amount determined with respect to the vehicle under section #cj;,d7b77#c7 of the ,internal ,revenue ,code of #aihf4 7c7 ,treated as advance payment of credit ,use of a voucher under the program to offset the purchase price of a vehicle shall1 for purposes of the ,internal ,revenue ,code of #aihf1 be treated as advance payment of the credit allowed under section #cj or #cj;,d of such ,code1 as the case may be1 and the amount of credit which would 7but for this paragraph7 be allowable with respect to such vehicle under either such section shall be reduced 7but not below zero7 by the amount of the voucher so used4 7d7 ,definitions and special rules ,for purposes of this section-- 7#a7 ,qualified plug-in electric vehicle ,the term qualified plug-in electric vehicle shall have the meaning given such term by section #cj7;d7 of the ,internal ,revenue ,code of #aihf4 7#b7 ,new qualified plug-in electric drive motor vehicle ,the term new qualified plug-in electric drive motor vehicle shall have the meaning given such term by section #cj;,d7d7 of such ,code4 7#c7 ,no combination of vouchers ,only #a voucher issued under the program may be applied toward the purchase of a single vehicle4 7#d7 ,combination with other incentives permitted ,the availability or use of a ,federal1 ,state1 or local incentive or a ,state-issued voucher for the purchase of any vehicle shall not limit the value or issuance of a voucher under the program to any person otherwise eligible to receive such a voucher4 7#e7 ,no additional fees ,a dealer participating in the program may not charge a person purchasing a vehicle any additional fees associated with the use of a voucher under the program4 7#f7 ,application of certain rules ,rules similar to the rules of paragraphs 7#a71 7#b71 7#c71 7#d71 and 7#e7 of section #cj7;e7 of such ,code shall apply for purposes of this section4 7e7 ,termination and phaseout 7#a7 ,termination for qualified plug-in electric vehicles ,this section shall not apply to any qualified plug-in electric vehicle acquired after ,december #ca1 #bjag4 7#b7 ,phaseout for new qualified plug-in electric drive motor vehicle ,the amount of any voucher with respect to any new qualified plug in electric drive motor vehicle shall be reduced as provided in section #cj;,d7e7 of the ,internal ,revenue ,code of #aihf4 7f7 ,regulations ,the ,secretary of ,energy1 in consultation with the ,secretary of the ,treasury1 shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section4