,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #ceae  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bg1 #bjag,mr4 
,tiberi 7for himself and ,mr4 ,kind7    
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
provide for expensing of qualified      
energy efficient heating and            
air-conditioning property for certain   
taxpayers and accelerated cost recovery 
for such property for other taxpayers4  
#a4 ,short title ,this ,act may be cited
 as the ,,hvac ,expensing and           
,technology ,act of #bjag or ,,heat ,act
 of #bjag4  #b4 ,expensing and          
accelerated cost recovery for qualified 
efficient heating and air-conditioning  
property  7a7 ,expensing ,section       
#agi7;f7 of the ,internal ,revenue ,code
 of #aihf is amended--  7#a7 in         
paragraph 7#b71 in subparagraph 7,b7 by 
striking and1 in subparagraph 7,c7 by   
striking the period at the end and      

inserting 1 and1 and by adding at the   
end the following new subparagraph3     
7,d7 qualified energy efficient heating 
and air-conditioning property4  1 and   
7#b7 by adding at the end the following 
new paragraph3  7#c7 ,qualified energy  
efficient heating and air-conditioning  
property ,for purposes of this          
subsection3  7,a7 ,in general ,the term 
qualified energy efficient heating and  
air-conditioning property means any     
section #abej property-- 7i7 with       
respect to which depreciation 7or       
amortization in lieu of depreciation7 is
 allowable1  7ii7 which is installed as 
part of the heating1 cooling1           
ventilation1 and hot water systems1 and 
7iii7 which is within the scope of      
,standard #ij4a-bjjg4  7,b7 ,standard   
#ij4a-bjjg ,the term ,standard          
#ij4a-bjjg means ,standard #ij4a-bjjg of
 the ,american ,society of ,heating1    
,refrigerating1 and ,air ,conditioning  
,engineers and the ,illuminating        
,engineering ,society of ,north ,america

 7as in effect on the day before the    
date of the adoption of ,standard       
#ij4a-bjaj of such ,societies74  4  7b7 
,effective date ,the amendments made by 
this subsection shall apply with respect
 to property placed in service after    
,december #ca1 #bjag4