,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #aaig  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #aa1 #bjai ,mr4 
,m>key introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% a tax  
cr$it = con/ruction ( new all-electric  
homes4  #a4 ,%ort title  ,?is ,act may  
be cit$ z ! ,all-,electric ,homes ,act (
 #bjai4  #b4 ,cr$it = new all-electric  
homes  7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #de,t4  
,new ,all-,electric ,home ,cr$it  7a7   
,all[ance ( cr$it  7#a7 ,9 g5]al ,=     
purposes ( section #ch1 9 ! case ( an   
eligible contractor1 ! new all-electric 
home cr$it = ! taxable ye> is !         
applicable am\nt = ea* qualifi$ new     
all-electric home :i* is--  7,a7        
con/ruct$ by ! eligible contractor1 &   
7,b7 acquir$ by a p]son f su* eligible  
contractor = use z a resid5ce dur+ !    

taxable ye>4  7#b7 ,applicable am\nt ,= 
purposes ( p>agraph 7#a71 ! applicable  
am\nt is an am\nt equal to-- 7,a7 9 !   
case ( a qualifi$ new all-electric home 
:i* is a s+le-family resid5ce1 #e1jjj1 &
  7,b7 9 ! case ( a qualifi$ new        
all-electric home :i* is a multi-family 
resid5ce1 an am\nt equal to ! product   
(--  7i7 #agej1 multipli$ by  7ii7 !    
total numb] ( resid5tial units4  7b7    
,def9itions ,= purposes ( ?is section-- 
7#a7 ,eligible contractor ,! t]m        
eligible contractor means ! p]son :o    
con/ruct$ ! qualifi$ new all-electric   
home4  7#b7 ,qualifi$ new all-electric  
home ,! t]m qualifi$ new all-electric   
home means a dwell+ unit-- 7,a7 locat$ 9
 ! ,unit$ ,/ates1  7,b7 ! con/ruction ( 
:i* is sub/antially complet$ aft] ! date
 ( ! enactm5t ( ?is section1  7,c7 = :i*
 all appliances & me*anical sy/ems are  
p[]$ solely by electricity1  7,d7 :i*   
does n h any gas l9e or gas s]vice to   
su* dwell+ unit1 &  7,e7 :i* meets !    
highe/ en]gy effici5cy /&>ds = ! ,unit$ 

,/ates 7z det]m9$ by ! ,secret>y1 9     
consultation ) ! ,secret>y ( ,en]gy & ! 
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy7 = purposes ( !      
build+ envelope & any appliances &      
me*anical sy/ems )9 ! dwell+ unit4  7#c7
 ,con/ruction ,! t]m con/ruction        
includes sub/antial recon/ruction &     
rehabilitation4  7#d7 ,acquire ,! t]m   
acquire includes pur*ase4  7c7 ,basis   
adju/m5t ,= purposes ( ?is subtitle1 if 
a cr$it is all[$ "u ?is section 9       
connection ) any exp5diture = any       
prop]ty1 ! increase 9 ! basis ( su*     
prop]ty :i* w\ld 7b = ?is subsection7   
result f su* exp5diture %all be r$uc$ by
 ! am\nt ( ! cr$it s det]m9$4  7d7      
,coord9ation ) inve/m5t cr$it ,=        
purposes ( ?is section1 exp5ditures tak5
 into acc\nt "u section #dg or #dh7;a7  
%all n be tak5 into acc\nt "u ?is       
section4  4  7b7 ,con=m+ am5dm5ts  7#a7 
,section #ch7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ plus at 
! end ( p>agraph 7#ca71 by /rik+ ! p]iod

 at ! end ( p>agraph 7#cb7 & ins]t+ 1   
plus1 & by add+ at ! end ! foll[+ new   
p>agraph3  7#cc7 ! new all-electric home
 cr$it det]m9$ "u section #de,t7a74  4  
7#b7 ,section #aif7;c7 ( su* ,code is   
am5d$ by /rik+ & at ! end ( p>agraph    
7#ac71 by /rik+ ! p]iod at ! end (      
p>agraph 7#ad7 & ins]t+ 1 &1 & by add+  
at ! end ! foll[+ new p>agraph3  7#ae7 !
 new all-electric home cr$it det]m9$ "u 
section #de,t7a74  4  7#c7 ,section     
#ajaf7;a7 ( su* ,code is am5d$ by /rik+ 
& at ! end ( p>agraph 7#cg71 by /rik+ ! 
p]iod at ! end ( p>agraph 7#ch7 & ins]t+
 1 &1 & by ins]t+ aft] p>agraph 7#ch7 ! 
foll[+ new p>agraph3  7#ci7 to ! ext5t  
provid$ 9 section #de,t7c71 9 ! case (  
am\nts ) respect to :i* a cr$it has be5 
all[$ "u section #de,t4  4  7#d7 ,!     
table ( sections = subp>t ,d ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( su* ,code is  
am5d$ by ins]t+ aft] ! item relat+ to   
section #de,s ! foll[+ new item3  #de,t4
 ,new ,all-,electric ,home ,cr$it4  4   
7c7 ,effective date ,! am5dm5ts made by 

?is section %all apply to qualifi$ new  
all-electric homes acquir$ aft] ,decemb]
 #ca1 #bjai1 9 taxable ye>s end+ aft]   
su* date4