,i #aai? ,,congress #a/ ,session ,h4 ,r4 #fgeh ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #af1 #bjbe ,mrs4 ,mc,iver 7= h]self1 ,ms4 ,norton1 ,ms4 ,tlaib1 ,ms4 ,pett]s51 ,ms4 ,lee ( ,p5nsylvania1 ,mr4 ,goldman ( ,new ,york1 ,mrs4 ,watson ,coleman1 & ,mr4 ,c>son7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% a refundable tax cr$it = resid5tial en]gy exp5ditures4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,utility ,price ,lift ,9 ,flux & ,transition ,act or ! ,,uplift ,act4 #b4 ,resid5tial en]gy exp5ditures 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 ! foll[+ new section3 #cf;,a4 ,resid5tial en]gy exp5ditures cr$it 7a7 ,all[ance ( cr$it ,9 ! case ( an individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is subtitle = an applicable taxable ye> an am\nt equal to ! resid5tial en]gy exp5ditures ( ! taxpay] = su* taxable ye>4 7b7 ,limitation ,! cr$it all[$ "u ?is section ) respect to any taxpay] = any taxable ye> %all n exce$ #a1bjj 7#b1djj 9 ! case ( a jo9t return or a head ( h\sehold 7z def9$ 9 section #b7;b7774 7c7 ,applicable taxable ye> ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m applicable taxable ye> means any taxable ye> if-- 7,a7 ! av]age ( ! ,,pce = ! #ab-mon? p]iod end+ on ,decemb] #ca ( su* taxable ye>1 exce$s 7,b7 #ajb p]c5t ( ! av]age ( ! ,,pce = ! #ab-mon? p]iod imm$iately prec$+ ! p]iod describ$ 9 subp>agraph 7,a74 7#b7 ,,pce ,! t]m ,,pce means ! implicit price deflator = p]sonal consumption exp5ditures 7z publi%$ by ! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce74 7d7 ,resid5tial en]gy exp5ditures ,! t]m resid5tial en]gy exp5ditures means exp5ditures-- 7#a7 made by ! taxpay] = electricity1 natural gas1 or propane1 & 7#b7 us$ on1 or 9 connection )1 a dwell+ unit-- 7,a7 locat$ 9 ! ,unit$ ,/ates1 7,b7 own$ or r5t$ by ! taxpay]1 & 7,c7 us$ by ! taxpay] z ! taxpay]'s pr9cipal resid5ce 7)9 ! mean+ ( section #aba74 7e7 ,phase\t bas$ on modifi$ adju/$ gross income 7#a7 ,9 g5]al ,! am\nt ( ! cr$it o!rwise all[$ "u ?is section %all be r$uc$ by ! am\nt :i* be>s ! same ratio to su* am\nt 7det]m9$ )\t reg>d to ?is subsection7 z-- 7,a7 ! excess 7if any7 (-- 7i7 ! taxpay]'s modifi$ adju/$ gross income1 ov] 7ii7 #ge1jjj 7#aej1jjj 9 ! case ( a jo9t return or a head ( h\sehold 7z def9$ 9 section #b7;b7771 be>s to 7,b7 #be1jjj 7#ej1jjj 9 ! case ( a jo9t return or a head ( h\sehold 7z def9$ 9 section #b7;b7774 7#b7 ,modifi$ adju/$ gross income ,= purposes ( p>agraph 7#a71 ! t]m modifi$ adju/$ gross income means ! adju/$ gross income ( ! taxpay] = ! taxable ye> increas$ by any am\nt exclud$ f gross income "u section #iaa1 #ica1 or #icc4 7f7 ,coord9ation ( cr$it ) c]ta9 programs 7#a7 ,en]gy assi/ance programs ,an am\nt %all n fail to be treat$ z a resid5tial en]gy exp5diture ( ! taxpay] m]ely because su* exp5diture is reimburs$ to1 or paid on behalf (1 su* taxpay] "u any ,f$]al1 ,/ate1 local1 or ,tribal en]gy assi/ance program4 7#b7 ,means-te/$ programs ,= purposes ( any ,f$]al means-te/$ program1 any refund made to an individual 7or ! sp\se ( an individual7 by reason ( ?is section %all n be treat$ z income 7& %all n be tak5 into acc\nt 9 det]m9+ res\rces = ! mon? ( its receipt & ! foll[+ mon?74 7g7 ,regulations ,! ,secret>y1 9 coord9ation ) ! ,commission] ( ! ,bureau ( ,labor ,/ati/ics1 %all prescribe su* regulations or o!r guidance z may be necess>y or appropriate to c>ry out ! purposes ( ?is section4 4 7b7 ,cl]ical am5dm5ts 7#a7 ,section #fbaa7;b77#d77;,a7 ( su* ,code is am5d$ by ins]t+ #cf;,a1 aft] #cf14 7#b7 ,! 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 ! foll[+ new item3 ,sec4 #cf;,a4 ,resid5tial en]gy exp5ditures cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbe4