,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #gdeh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #bf1         
#bjbd,mr4 ,khanna 7= himself1 ,mr4      
,grijalva1 & ,mr4 ,kri%namoor?i7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to e/abli% ! ,made 9 !    
,u4,s4,a4 tax cr$it4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,made 9 !     
,u4,s4,a4 ,act4  #b4 ,made 9 ! ,,usa tax
 cr$it  7a7 ,9 g5]al ,subp>t ,c ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #cf;,c ! foll[+  
new section3  #cf;,d4 ,made 9 ! ,,usa   
tax cr$it  7a7 ,9 g5]al ,9 ! case ( an  
eligible taxpay]1 !re %all be all[$ z a 
cr$it aga9/ ! tax impos$ by ?is subtitle
 = any taxable ye> an am\nt equal to s  
mu* ( #cj p]c5t ( ! qualifi$ exp5ditures
 ( ! taxpay] dur+ ! taxable ye> z does n
 exce$ #b1ejj 7twice su* am\nt 9 ! case 
( a m>ri$ c\ple fil+ jo9tly74 7#a7 9 !  

case ( a jo9t return1 #e1jjj1 or  7#b7 9
 ! case ( any o!r taxpay]1 #b1ejj4  7b7 
,eligible taxpay] ,= purposes ( ?is     
section1 ! t]m eligible taxpay] means an
 individual :o _c be claim$ z a dep5d5t 
^:-- 7#a7 adju/$ gross income does n    
exce$-- 7,a7 #bej1jjj 9 ! case ( a jo9t 
return1 or  7,b7 #abe1jjj 9 ! case ( any
 o!r taxpay]1 &  7#b7 capital ga9 net   
income = ! taxable ye> does n exce$--   
7,a7 #dj1jjj 9 ! case ( a jo9t return1  
or  7,b7 #bj1jjj 9 ! case ( any o!r     
taxpay]4  7c7 ,qualifi$ exp5ditures     
7#a7 ,9 g5]al ,= purposes ( ?is section1
 ! t]m qualifi$ exp5ditures means s mu* 
( ! pur*ase price ( ! price ( a tangible
 product z does n exce$ #ejj if su*     
product-- 7,a7 may be label$ z ,made 9 !
 ,unit$ ,/ates 9 accordance ) section   
#cbc4b ( title #af1 ,code ( ,f$]al      
,regulations 7or any successor          
regulation71 &  7,b7 is n-- 7i7 a       
fire>m1  7ii7 ammunition1  7iii7        
alcohol1  7iv7 tobacco1  7v7 a vehicle1 
7vi7 gasol9e1  7vii7 a luxury good1     

7viii7 food1 or  7ix7 non-depreciable   
real prop]ty4  7#b7 ,luxury good ,=     
purposes ( ?is subsection1 ! t]m luxury 
good means-- 7,a7 an item sold to !     
taxpay] = an am\nt t exce$s #b1jjj1     
7,b7 a wri/ or pocket wat* ! case ( :i* 
is clad 9 or made ( preci\s metal1  7,c7
 jewelry conta9+ pe>ls1 gems1 preci\s & 
semi-preci\s /ones1 or preci\s metals1  
7,d7 a fur sk91  7,e7 an item describ$ 9
 subp>agraphs 7,a7 ?r\gh 7,d7 ( section 
#djh7m77#b71  7,f7 a flat scre51 plasma1
 or ,,lcd television or display1  7,g7 a
 television ) a scre5 exce$+ #bi in*es1 
7,h7 a ,,dvd play]1  7,i7 a laptop1     
desktop1 or tablet comput]1  7,j7 a     
musical in/rum5t1 or  7,k7 a cellul>    
phone4  7#c7 ,increase 9 cr$it = c]ta9  
products  7,a7 ,9 g5]al ,9 ! case ( an  
en]gy /> product or a climate resili5ce 
product1 p>agraph 7#a7 %all be appli$ by
 sub/itut+ #a1jjj = #ejj4  7,b7 ,climate
 resili5ce product ,= purposes ( ?is    
p>agraph1 ! t]m climate resili5ce       
product means a product ) respect to :i*

 am\nts paid or incurr$ by ! taxpay] to 
pur*ase ! product w\ld qualify z am\nts 
paid or incurr$ =-- 7i7 qualifi$ en]gy  
effici5cy improvem5ts or resid5tial     
en]gy prop]ty exp5ditures "u section    
#be;,c1 det]m9$ )\t reg>d to subsection 
7b7 ( su* section1 or  7ii7 qualifi$    
sol> electric prop]ty exp5ditures1      
qualifi$ sol> wat] heat+ prop]ty        
exp5ditures1 qualifi$ fuel cell prop]ty 
exp5ditures1 qualifi$ small w9d en]gy   
prop]ty exp5ditures1 qualifi$ geo!rmal  
heat pump prop]ty exp5ditures1 or       
qualifi$ batt]y /orage te*nology        
exp5ditures "u section #be;,d1 det]m9$  
)\t reg>d to subsection 7b7 ( su*       
section4  7d7 ,inflation adju/m5t  7#a7 
,9 g5]al ,9 ! case ( any taxable ye>    
beg9n+ aft] #bjbc1 ! doll> am\nts 9 ?is 
section %all be increas$ by an am\nt    
equal to-- 7,a7 su* doll> am\nt1        
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjbb = 

cal5d> ye> #bjaf 9 subp>agraph 7,a77ii74
  7#b7 ,r\nd+ ,if any increase "u       
p>agraph 7#a7 is n a multiple ( #aj1 su*
 increase %all be r\nd$ to ! ne>e/      
multiple ( #aj4  4  7b7 ,con=m+ am5dm5ts
  7#a7 ,section #fbaa7;b77#d77;,a7 ( su*
 ,code is am5d$ by ins]t+ #cf;,d1 aft]  
#cf;,b14  7#b7 ,section #acbd7;b77#b7 ( 
su* ,code is am5d$ by ins]t+ #cf;,d1    
aft] #cf;,b14  7c7 ,cl]ical am5dm5t ,!  
table ( sections = ,subp>t ,c ( "p ,,iv 
( sub*apt] ,a ( *apt] #a ( su* ,code is 
am5d$ by ins]t+ aft] ! item relat+ to   
section #cf;,c ! foll[+ new item3  ,sec4
 #cf;,d4 ,made 9 ! ,,usa tax cr$it4  4  
7d7 ,outrea* ,= fiscal ye> #bjbd & ea*  
fiscal ye> !reaft]1 !re is au?oriz$ to  
be appropriat$ to ! ,secret>y ( !       
,treasury #a1ejj1jjj to educate taxpay]s
 ab\t ! tax cr$it e/abli%$ by ! am5dm5t 
made by ?is section4  7e7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to exp5ditures made aft] !   
date ( ! enactm5t ( ?is section4