,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bjei  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #bg1 
#bjad,mr4 ,begich introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to allow a      
credit for the purchase of heating and  
cooling equipment which meets the       
,energy ,star program requirements and  
is used in certain high-cost energy     
communities1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,energy ,efficient ,heating and 
,cooling ,tax ,credit ,act4  #b4 ,credit
 for conversion of home heating using   
oil fuel to using natural gas or biomass
 feedstocks  7a7 ,in general ,subsection
 7a7 of section #be;,c of the ,internal 
,revenue ,code of #aihf 7relating to    
nonbusiness energy property7 is amended 
by striking and at the end of paragraph 
7#a71 by striking the period at the end 
of paragraph 7#b7 and inserting 1 and1  

and by adding at the end the following  
new paragraph3  7#c7 the amount of the  
qualifying heating conversion           
expenditures paid or incurred by the    
taxpayer during such taxable year4  4   
7b7 ,dollar limitation  7#a7 ,in general
  7,a7 ,limitation ,subsection 7b7 of   
section #be;,c of the ,internal ,revenue
 ,code of #aihf is amended by adding at 
the end the following new paragraph3    
7#d7 ,limitation on qualifying heating  
conversion expenditures ,the amount of  
the credit allowed under this section by
 reason of paragraph 7#c7 of subsection 
7a7 for any taxable year with respect to
 any taxpayer shall not exceed #e1jjj4  
4  7,b7 ,conforming amendment ,paragraph
 7#a7 of section #be;,c7b7 of such ,code
 is amended by inserting by reason of   
paragraphs 7#a7 and 7#b7 of subsection  
7a7 after ,the credit allowed under this
 section4  7#b7 ,no double counting     
,section #be;,c7e7 of such ,code        
7relating to special rules7 is amended  
by adding at the end the following new  

paragraph3  7#d7 ,no double counting ,no
 amount taken into account for purposes 
of determining a credit under this      
section by reason of paragraph 7#c7 of  
subsection 7a7 shall be taken into      
account for purposes of determining a   
credit under this section by reason of  
paragraphs 7#a7 and 7#b7 of subsection  
7a74  4  7c7 ,qualifying heating        
conversion expenditures ,section #be;,c 
of the ,internal ,revenue ,code of #aihf
 7relating to residential energy        
property expenditures7 is amended by    
adding at the end the following new     
subsection3  7h7 ,qualifying heating    
conversion expenditures  7#a7 ,in       
general ,the term qualifying heating    
conversion expenditures means           
expenditures made by the taxpayer for   
qualified heating conversion property   
which-- 7,a7 meets the requirements of  
subparagraphs 7,a7 and 7,b7 of          
subsection 7d77#a71 and  7,b7 is used as
 a heating or cooling system on a       
building or structure located in a      

community 7as determined under section  
#ai7;a77#a7 of the ,rural               
,electrification ,act of #aicf7 in which
 the average residential expenditure for
 home energy is more than #bjj percent  
of the national average residential     
expenditure for home energy 7as         
determined by the ,energy ,information  
,agency using the most recent data      
available74  7#b7 ,amounts included ,the
 term qualifying heating conversion     
expenditures includes expenditures--    
7,a7 for labor costs properly allocable 
to the onsite preparation1 assembly1 or 
original installation of property       
described in paragraph 7#a71 including  
fuel service connection installation    
costs specifically related to fuel      
service to the qualified energy property
 used in such conversion1 and  7,b7 the 
removal of the fuel oil equipment       
7including any storage tank7 for such a 
building or structure4  7#c7 ,exclusions
 ,such term does not include            
expenditures for soil cleanup4  7#d7    

,qualified heating conversion property  
,for purposes of paragraph 7#a71 the    
term qualified heating conversion       
property means property which-- 7,a7 is 
placed in service before ,january #a1   
#bjai1  7,b7 meets the performance and  
quality standards described in          
subsection 7d77#b77;,b71 and  7,c7 is a 
product which qualifies under the       
,energy ,star program and meets the     
requirements for such property under    
such program4  4  7d7 ,conforming       
amendment ,subsection 7g7 of section    
#be;,c of the ,internal ,revenue ,code  
of #aihf 7relating to termination7 is   
amended by striking ,this section and   
inserting ,paragraphs 7#a7 and 7#b7 of  
subsection 7a74  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