,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bjei  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bg1 #bjad,mr4
 ,begi* introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to all[ a cr$it = 
! pur*ase ( heat+ & cool+ equipm5t :i*  
meets ! ,en]gy ,/> program requirem5ts &
 is us$ 9 c]ta9 high-co/ en]gy          
communities1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,en]gy ,effici5t ,heat+ & ,cool+ ,tax   
,cr$it ,act4  #b4 ,cr$it = conv]sion (  
home heat+ us+ oil fuel to us+ natural  
gas or biomass fe$/ocks  7a7 ,9 g5]al   
,subsection 7a7 ( section #be;,c ( !    
,int]nal ,rev5ue ,code ( #aihf 7relat+  
to nonbus9ess en]gy prop]ty7 is am5d$ by
 /rik+ & at ! end ( p>agraph 7#a71 by   
/rik+ ! p]iod at ! end ( p>agraph 7#b7 &
 ins]t+ 1 &1 & by add+ at ! end ! foll[+
 new p>agraph3  7#c7 ! am\nt ( !        
qualify+ heat+ conv]sion exp5ditures    
paid or incurr$ by ! taxpay] dur+ su*   

taxable ye>4  4  7b7 ,doll> limitation  
7#a7 ,9 g5]al  7,a7 ,limitation         
,subsection 7b7 ( section #be;,c ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#d7 ,limitation on qualify+ heat+      
conv]sion exp5ditures ,! am\nt ( ! cr$it
 all[$ "u ?is section by reason (       
p>agraph 7#c7 ( subsection 7a7 = any    
taxable ye> ) respect to any taxpay]    
%all n exce$ #e1jjj4  4  7,b7 ,con=m+   
am5dm5t ,p>agraph 7#a7 ( section        
#be;,c7b7 ( su* ,code is am5d$ by ins]t+
 by reason ( p>agraphs 7#a7 & 7#b7 (    
subsection 7a7 aft] ,! cr$it all[$ "u   
?is section4  7#b7 ,no d\ble c\nt+      
,section #be;,c7e7 ( su* ,code 7relat+  
to special rules7 is am5d$ by add+ at ! 
end ! foll[+ new p>agraph3  7#d7 ,no    
d\ble c\nt+ ,no am\nt tak5 into acc\nt =
 purposes ( det]m9+ a cr$it "u ?is      
section by reason ( p>agraph 7#c7 (     
subsection 7a7 %all be tak5 into acc\nt 
= purposes ( det]m9+ a cr$it "u ?is     
section by reason ( p>agraphs 7#a7 &    

7#b7 ( subsection 7a74  4  7c7 ,qualify+
 heat+ conv]sion exp5ditures ,section   
#be;,c ( ! ,int]nal ,rev5ue ,code (     
#aihf 7relat+ to resid5tial en]gy       
prop]ty exp5ditures7 is am5d$ by add+ at
 ! end ! foll[+ new subsection3  7h7    
,qualify+ heat+ conv]sion exp5ditures   
7#a7 ,9 g5]al ,! t]m qualify+ heat+     
conv]sion exp5ditures means exp5ditures 
made by ! taxpay] = qualifi$ heat+      
conv]sion prop]ty :i*-- 7,a7 meets !    
requirem5ts ( subp>agraphs 7,a7 & 7,b7 (
 subsection 7d77#a71 &  7,b7 is us$ z a 
heat+ or cool+ sy/em on a build+ or     
/ructure locat$ 9 a community 7z det]m9$
 "u section #ai7;a77#a7 ( ! ,rural      
,electrification ,act ( #aicf7 9 :i* !  
av]age resid5tial exp5diture = home     
en]gy is m ?an #bjj p]c5t ( ! national  
av]age resid5tial exp5diture = home     
en]gy 7z det]m9$ by ! ,en]gy ,in=mation 
,ag5cy us+ ! mo/ rec5t data available74 
7#b7 ,am\nts includ$ ,! t]m qualify+    
heat+ conv]sion exp5ditures includes    
exp5ditures-- 7,a7 = labor co/s prop]ly 

allocable to ! onsite prep>ation1       
assembly1 or orig9al in/allation (      
prop]ty describ$ 9 p>agraph 7#a71       
includ+ fuel s]vice connection          
in/allation co/s specifically relat$ to 
fuel s]vice to ! qualifi$ en]gy prop]ty 
us$ 9 su* conv]sion1 &  7,b7 ! removal (
 ! fuel oil equipm5t 7includ+ any /orage
 tank7 = su* a build+ or /ructure4  7#c7
 ,exclusions ,su* t]m does n include    
exp5ditures = soil cleanup4  7#d7       
,qualifi$ heat+ conv]sion prop]ty ,=    
purposes ( p>agraph 7#a71 ! t]m qualifi$
 heat+ conv]sion prop]ty means prop]ty  
:i*-- 7,a7 is plac$ 9 s]vice be=e       
,janu>y #a1 #bjai1  7,b7 meets !        
p]=mance & quality /&>ds describ$ 9     
subsection 7d77#b77;,b71 &  7,c7 is a   
product :i* qualifies "u ! ,en]gy ,/>   
program & meets ! requirem5ts = su*     
prop]ty "u su* program4  4  7d7 ,con=m+ 
am5dm5t ,subsection 7g7 ( section #be;,c
 ( ! ,int]nal ,rev5ue ,code ( #aihf     
7relat+ to t]m9ation7 is am5d$ by /rik+ 
,?is section & ins]t+ ,p>agraphs 7#a7 & 

7#b7 ( subsection 7a74  7e7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to prop]ty plac$ 9 s]vice    
aft] ! date ( ! enactm5t ( ?is ,act4