,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bchh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bb1 #bjad
 ,mr4 ,cardin 7for himself1 ,mr4 ,crapo1
 and ,mr4 ,heller7 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 modify the   
depreciation recovery period for        
energy-efficient cool roof systems1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,energy-,efficient ,cool ,roof ,jobs    
,act4  #b4  ,depreciation recovery      
period for certain roof systems  7a7    
#bj-,year recovery period  7#a7  ,in    
general  ,subparagraph 7,f7 of section  
#afh7;e77#c7 of the ,internal ,revenue  
,code of #aihf is amended to read as    
follows3  7,f7  #bj-year property  ,the 
term #bj-year property means--  7i7     
initial clearing and grading land       
improvements with respect to any        
electric utility transmission and       

distribution plant1 and  7ii7 any       
qualified energy-efficient cool roof    
replacement property4  4  7#b7          
,qualified energy-efficient cool roof   
replacement property  ,section #afh7;e7 
of such ,code is amended by adding at   
the end the following new paragraph3    
7#i7  ,qualified energy-efficient cool  
roof replacement property  7,a7  ,in    
general  ,the term qualified            
energy-efficient cool roof replacement  
property means any roof system--  7i7   
which is placed in service above        
conditioned or semi-heated space on an  
eligible commercial building1  7ii7     
which has a slope equal to or less than 
#b3ab1  7iii7 which replaces an existing
 roof system1 and  7iv7 which includes--
  7,i7 insulation which meets or exceeds
 the minimum prescriptive requirements  
in tables ,a-#a to ,a-#i in the         
,normative ,appendix ,a of ,,ashrae     
,standard #ahi4a-bjaa1 and  7,,ii7 in   
the case of an eligible commercial      
building located in a climate zone other

 than climate zone #f1 #g1 or #h 7as    
specified in ,,ashrae ,standard         
#ahi4a-bjaa71 a primary roof covering   
which has a cool roof surface4  7,b7    
,cool roof surface  ,the term cool roof 
surface means a roof the exterior       
surface of which--  7i7 has a           
#c-year-aged solar reflectance of at    
least #j4ee and a #c-year-aged thermal  
emittance of at least #j4ge1 as         
determined in accordance with the ,cool 
,roof ,rating ,council ,,crrc-#a        
,product ,rating ,program1 or  7ii7 has 
a #c-year-aged solar reflectance index  
7,,sri7 of at least #fd1 as determined  
in accordance with ,,astm ,standard     
,e#aihj1 determined--  7,i7 using a     
medium-wind-speed convection coefficient
 of #ab ,w_/m#b,k1 and  7,,ii7 using the
 values for #c-year-aged solar          
reflectance and #c-year-aged thermal    
emittance determined in accordance with 
the ,cool ,roof ,rating ,council        
,,crrc-#a ,product ,rating ,program4    
7,c7  ,roof system  ,the term roof      

system means a system of roof           
components1 including roof insulation   
and a membrane or primary roof covering1
 but not including the roof deck1       
designed to weather-proof and improve   
the thermal resistance of a building4   
7,d7  ,eligible commercial building     
,the term eligible commercial building  
means any building--  7i7 which is      
within the scope of ,,ashrae ,standard  
#ij4a-bjaj1  7ii7 which is located in   
the ,united ,states1  7iii7 with respect
 to which depreciation 7or amortization 
in lieu of depreciation7 is allowable1  
and  7iv7 which was placed in service   
before the date that is #c years prior  
to the date the roof system described in
 subparagraph 7,a7 is placed in service4
  7,e7  ,,ashrae  ,the term ,,ashrae    
means the ,american ,society of         
,heating1 ,refrigerating and            
,air-,conditioning ,engineers4  4  7b7  
,requirement ,to use straight line      
method  ,paragraph 7#c7 of section      
#afh7;b7 of the ,internal ,revenue ,code

 of #aihf is amended by adding at the   
end the following new subparagraph3     
7,j7 ,any qualified energy-efficient    
cool roof replacement property4  4  7c7 
,alternative system  ,the table         
contained in section #afh7;g77#c77;,b7  
of the ,internal ,revenue ,code of #aihf
 is amended by striking the last item   
and inserting the following new items3  
7,f77i7 #be   7,f77ii7 #bg4e  4  7d7    
,depreciation rules for certain         
qualified energy-,efficient cool roof   
replacement property for purposes of    
computing the earnings and profits of a 
real estate investment trust  7#a7  ,in 
general  ,paragraph 7#c7 of section     
#cab7k7 of the ,internal ,revenue ,code 
of #aihf is amended by adding at the end
 the following new subparagraph3  7,c7  
,treatment of qualified energy-efficient
 cool roof replacement property  ,in the
 case of any qualified energy-efficient 
cool roof replacement property 7within  
the meaning of section #afh7;e77#i771   
the adjustment for depreciation to      

earnings and profits of a real estate   
investment trust for any taxable year   
shall be determined under the           
alternative depreciation method 7within 
the meaning of section #afh7;g77#b771   
except that the recovery period shall be
 #bj years4  4  7#b7  ,conforming       
amendment  ,subparagraph 7,a7 of section
 #cab7k77#c7 of such ,code is amended by
 striking subparagraph 7,b71 and        
inserting subparagraphs 7,b7 and 7,c714 
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