S. 4730 — Introduced in Senate

II 118th CONGRESS 2d Session S. 4730 IN THE SENATE OF THE UNITED STATES July 23, 2024Mr. Markey (for himself and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the energy credit with respect to electrochromic glass. 1. Short title This Act may be cited as the Dynamic Glass 2.0 Act. 2. Extension of energy credit for electrochromic glass (a) In general Section 48(a)(3)(A) of the Internal Revenue Code of 1986 is amended— (1) in clause (ii), by striking , or electrochromic glass which uses electricity to change its light transmittance properties in order to heat or cool a structure, (2) in clause (x), by striking or, (3) in clause (xi), by inserting or after the comma at the end, and (4) by adding at the end the following new clause: (xii) electrochromic glass which uses electricity to change its light transmittance properties in order to heat or cool a structure, but only with respect to property the construction of which begins before January 1, 2033, . (b) Conforming amendment Section 48(a)(2)(A)(i)(III) of such Code is amended by striking paragraph (3)(A)(ii) and inserting clause (ii) or (xii) of paragraph (3)(A). (c) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.