,,ii #aag? ,,congress #a/ ,session ,s4 #agec ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #bj1 #bjba,ms4 ,hassan 7= h]self & ,ms4 ,coll9s7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to ext5d & update ! cr$it = nonbus9ess en]gy prop]ty4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,home ,en]gy ,sav+s ,act4 #b4 ,updat+ cr$it = nonbus9ess en]gy prop]ty 7a7 ,9 g5]al ,section #be;,c ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 subsection 7a77#a71 by /rik+ #aj p]c5t & ins]t+ #ae p]c5t1 7#b7 9 subsection 7b7-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ #ejj & ins]t+ #a1bjj1 & 7ii7 by /rik+ ,decemb] #ca1 #bjje & ins]t+ ,decemb] #ca1 #bjba1 & 7,b7 by /rik+ p>agraphs 7#b7 & 7#c7 & ins]t+ ! foll[+3 7#b7 ,limitation on w9d[ atta*m5t products ,9 ! case ( am\nts paid or incurr$ = products describ$ 9 subsection 7c77#b77;,b7 by any taxpay] = any taxable ye>1 ! cr$it all[$ "u ?is section ) respect to su* am\nts = su* ye> %all n exce$ ! excess 7if any7 ( #fjj ov] ! aggregate cr$its all[$ "u ?is section ) respect to su* am\nts = all prior taxable ye>s end+ aft] ,decemb] #ca1 #bjba4 7#c7 ,limitation on insulation mat]ial or sy/em ,9 ! case ( am\nts paid or incurr$ = compon5ts describ$ 9 subp>agraph 7,a7 or 7,d7 ( subsection 7c77#c7 by any taxpay] = any taxable ye>1 ! cr$it all[$ "u ?is section ) respect to su* am\nts = su* ye> %all n exce$ ! excess 7if any7 ( #fjj ov] ! aggregate cr$its all[$ "u ?is section ) respect to su* am\nts = all prior taxable ye>s end+ aft] ,decemb] #ca1 #bjba4 7#d7 ,limitation on w9d[s 7,a7 ,9 g5]al 7i7 ,en]gy ,/> ,mo/ effici5t ,9 ! case ( am\nts paid or incurr$ by any taxpay] = any taxable ye> = compon5ts describ$ 9 subsection 7c77#c77;,b7 :i* meet ! mo/ effici5t c]tification "u applicable ,en]gy ,/> program requirem5ts1 ! cr$it all[$ "u ?is section ) respect to su* am\nts = su* ye> %all n exce$ ! excess 7if any7 ( #fjj ov] ! aggregate cr$its all[$ "u ?is section ) respect to su* am\nts = all prior taxable ye>s end+ aft] ,decemb] #ca1 #bjba4 7ii7 ,en]gy ,/> ,9 ! case ( am\nts paid or incurr$ by any taxpay] = any taxable ye> = compon5ts describ$ 9 subsection 7c77#c77;,b7 :i* d n meet ! mo/ effici5t c]tification "u applicable ,en]gy ,/> program requirem5ts1 ! cr$it all[$ "u ?is section ) respect to su* am\nts = su* ye> %all n exce$ ! excess 7if any7 ( #bjj ov] ! aggregate cr$its all[$ "u ?is section ) respect to su* am\nts = all prior taxable ye>s end+ aft] ,decemb] #ca1 #bjba4 7,b7 ,election 7i7 ,9 g5]al ,= purposes ( any am\nts paid or incurr$ by any taxpay] = compon5ts describ$ 9 subsection 7c77#c77;,b71 ! cr$it all[$ "u ?is section %all only be all[$ = compon5ts describ$ 9 clause 7i7 ( subp>agraph 7,a7 or clause 7ii7 ( su* subp>agraph1 b n bo?1 z elect$ by ! taxpay] dur+ ! fir/ taxable ye> 9 :i* su* cr$it is be+ claim$ by ! taxpay]4 7ii7 ,irrevocability ,! ,secret>y %all1 ?r\gh su* rules1 regulations1 & proc$ures z are det]m9$ appropriate1 e/abli% proc$ures = mak+ an election "u ?is subp>agraph1 :i* %all require t-- 7,i7 any election made by ! taxpay] %all be irrevocable1 & 7,,ii7 su* election %all rema9 9 effect = all subsequ5t taxable ye>s4 7#e7 ,limitation on doors ,9 ! case ( am\nts paid or incurr$ = compon5ts describ$ 9 subsection 7c77#c77;,c7 by any taxpay] = any taxable ye>1 ! cr$it all[$ "u ?is section ) respect to su* am\nts = su* ye> %all n exce$-- 7,a7 ! excess 7if any7 ( #ejj ov] ! aggregate cr$its all[$ "u ?is section ) respect to su* am\nts = all prior taxable ye>s end+ aft] ,decemb] #ca1 #bjba1 or 7,b7 #bej = ea* ext]ior door4 7#f7 ,limitation on resid5tial en]gy prop]ty exp5ditures ,! am\nt ( ! cr$it all[$ "u ?is section by reason ( subsection 7a77#b7 %all n exce$-- 7,a7 9 ! case ( any en]gy-effici5t build+ prop]ty-- 7i7 = any item ( prop]ty describ$ 9 clause 7ii7 ( subp>agraph 7,a7 ( subsection 7d77#c71 #hjj1 7ii7 = any item ( prop]ty describ$ 9 clause 7i7 or 7iii7 ( su* subp>agraph1 #fjj1 & 7iii7 = any item ( prop]ty describ$ 9 clause 7iv7 ( su* subp>agraph1 #djj1 & 7,b7 9 ! case ( any qualifi$ natural gas1 propane1 or oil furnace or hot wat] boil] 7z def9$ 9 subsection 7d77#d771 an am\nt equal to-- 7i7 #fjj = a hot wat] boil]1 & 7ii7 9 ! case ( a furnace1 an am\nt equal to ! sum (-- 7,i7 #cjj1 plus 7,,ii7 if ! taxpay] is conv]t+ f a non-cond5s+ furnace to a cond5s+ furnace1 #cjj4 1 7#c7 9 subsection 7c7-- 7,a7 9 p>agraph 7#b71 by /rik+ subp>agraphs 7,a7 ?r\gh 7,c7 & ins]t+ ! foll[+3 7,a7 9 ! case ( an ext]ior w9d[1 a skylight1 or an ext]ior door1 applicable ,en]gy ,/> program requirem5ts1 7,b7 9 ! case ( any w9d[ atta*m5t product1 ! applicable c]tification requirem5ts = su* product "u ! ,atta*m5ts ,en]gy ,rat+ ,c\ncil ,c]tification ,program1 & 7,c7 9 ! case ( any o!r compon5t1 ! prescriptive crit]ia = su* compon5t e/abli%$ by ! ,int]national ,en]gy ,cons]vation ,code1 z su* ,code 7includ+ supplem5ts7 is 9 effect on ,janu>y #a ( ! cal5d> ye> 9 :i* su* compon5t is in/all$4 1 7,b7 9 p>agraph 7#c71 by /rik+ subp>agraph 7,d7 & ins]t+ ! foll[+3 7,d7 any air b>ri] mat]ial1 sy/em1 or assembly :i* is specifically & prim>ily design$ to m9imize ! passage ( air ?r\gh ! build+ !rmal envelope & its assemblies :5 in/all$ 9 or on a dwell+ unit4 1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,labor co/s ,! t]m qualifi$ en]gy effici5cy improvem5ts includes exp5ditures = labor co/s prop]ly allocable to ! onsite prep>ation1 assembly1 or orig9al in/allation ( any en]gy effici5t build+ envelope compon5t4 1 7#d7 9 subsection 7d7-- 7,a7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,a7-- 7,i7 9 clause 7i71 by add+ or at ! end1 7,,ii7 9 clause 7ii71 by /rik+ 1 or & ins]t+ a p]iod1 & 7,,iii7 by /rik+ clause 7iii71 & 7ii7 by /rik+ subp>agraphs 7,b7 & 7,c7 & ins]t+ ! foll[+3 7,b7 ,effici5cy /&>ds ,prop]ty describ$ 9 subp>agraph 7,a7 %all meet or exce$ ! requirem5ts ( ! highe/ effici5cy ti] 7n includ+ any advanc$ ti]7 e/abli%$ by ! ,consortium = ,en]gy ,effici5cy :i* are 9 effect on ,janu>y #a ( ! cal5d> ye> 9 :i* ! prop]ty 0 acquir$4 1 7,b7 by /rik+ p>agraph 7#c7 & ins]t+ ! foll[+3 7#c7 ,en]gy-effici5t build+ prop]ty ,! t]m en]gy-effici5t build+ prop]ty means prop]ty :i*-- 7,a7 is-- 7i7 an electric heat pump wat] heat]1 7ii7 an electric heat pump1 7iii7 a c5tral air condition]1 or 7iv7 a natural gas1 propane1 or oil wat] heat]1 & 7,b7 meets or exce$s ! requirem5ts ( ! highe/ effici5cy ti] 7n includ+ any advanc$ ti]7 e/abli%$ by ! ,consortium = ,en]gy ,effici5cy :i* are 9 effect on ,janu>y #a ( ! cal5d> ye> 9 :i* ! prop]ty 0 acquir$4 1 7,c7 9 p>agraph 7#d71 by /rik+ a*ieves an annual fuel utilization effici5cy rate ( n less ?an #ie & ins]t+ meets or exce$s ! requirem5ts ( ! highe/ effici5cy ti] 7n includ+ any advanc$ ti]7 e/abli%$ by ! ,consortium = ,en]gy ,effici5cy :i* are 9 effect on ,janu>y #a ( ! cal5d> ye> 9 :i* ! prop]ty 0 acquir$1 & 7,d7 by /rik+ p>agraph 7#e71 7#e7 9 subsection 7e71 by add+ ! foll[+ new p>agraphs at ! end3 7#d7 ,in/allation /&>ds ,! t]ms en]gy effici5t build+ envelope compon5t & qualifi$ en]gy prop]ty %all n include any compon5ts or prop]ty :i* are n in/all$ accord+ to any applicable ,air ,condition+ ,contractors ( ,am]ica ,quality ,in/allation /&>ds :i* are 9 effect at ! "t t su* compon5ts or prop]ty are plac$ 9 s]vice4 7#e7 ,replacem5t ( t]m9at$ /&>ds ,9 ! case ( any /&>d1 requirem5t1 or crit]ia applicable to any en]gy effici5t build+ envelope compon5t or qualifi$ en]gy prop]ty :i* is t]m9at$ aft] ! date ( enactm5t ( ! ,home ,en]gy ,sav+s ,act1 ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy1 %all id5tify a simil> /&>d1 requirem5t1 or crit]ia = purposes ( det]m9+ ! eligibility ( any su* compon5t or prop]ty = purposes ( cr$it all[$ "u ?is section4 1 & 7#f7 9 subsection 7g77#b71 by /rik+ ,decemb] #ca1 #bjba & ins]t+ ,decemb] #ca1 #bjbh4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4