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HR 5373 IH
110th CONGRESS
2d Session
H. R. 5373
To amend the Internal Revenue Code of 1986 to extend the energy efficient appliance credit and the nonbusiness energy property credit.
IN THE HOUSE OF REPRESENTATIVES
February 12, 2008
Mr. BOSWELL introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend the energy efficient appliance credit and the nonbusiness energy property credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008'.
SEC. 2. EXTENSION OF ENERGY EFFICIENT APPLIANCE CREDIT.
(a) In General-
(1) EXTENSION OF THE CREDIT TO INCLUDE APPLIANCES MANUFACTURED IN 2008 OR 2009-
(A) EXTENSION OF CREDIT RELATING TO DISHWASHERS- Section 45M(b)(1)(A) of the Internal Revenue Code of 1986 is amended--
(i) by striking `2006 or 2007, and' and inserting `2006, 2007, 2008, or 2009,',
(ii) in clause (ii)--
(I) by inserting `in the case of a dishwasher manufactured in 2006 or 2007,' before `meets', and
(II) by striking the period at the end and inserting `, and', and
(iii) by adding at the end the following new clause:
`(iii) in the case of a dishwasher manufactured in 2008 or 2009, meets the requirements of the Energy Star program which are in effect for dishwashers in 2008.'.
(B) EXTENSION OF CREDIT RELATING TO CLOTHES WASHERS- Section 45M(b)(1)(B) of such Code is amended--
(i) by striking `2006 or 2007, and' and inserting `2006, 2007, 2008, or 2009,',
(ii) in clause (ii)--
(I) by inserting `in the case of a clothes washer manufactured in 2006 or 2007,' before `meets', and
(II) by striking the period at the end and inserting `, and', and
(iii) by adding at the end the following new clause:
`(iii) in the case of a clothes washer manufactured in 2008 or 2009, meets the requirements of the Energy Star program which are in effect for dishwashers in 2008.'.
(C) EXTENSION OF CREDIT RELATING TO REFRIGERATORS- Section 45M(b)(1)(C) of such Code is amended--
(i) by striking `2006 or 2007' each place it appears and inserting `2006, 2007, 2008, or 2009', and
(ii) in clause (i)(I), by striking `2006' and inserting `2006, 2008, or 2009'.
(2) UPDATING THE ENERGY SAVINGS PERCENTAGE- Section 45M(b)(2)(B) of such Code (relating to the energy savings percentage) is amended--
(A) by striking `in 2007' each place it appears and inserting `in 2008', and
(B) by striking `in 2005' and inserting `in 2006'.
(3) UPDATING THE ELIGIBLE PRODUCTION AMOUNT-
(A) IN GENERAL- Section 45M(c) of such Code (relating to the eligible production) is amended by striking `3-calendar' each place it appears and inserting `2-calendar'.
(B) TECHNICAL CORRECTION- Section 45M(c)(1) of such Code is amended by striking `paragraphs' and inserting `paragraph'.
(4) UPDATING THE AGGREGATE CREDIT AMOUNT ALLOWED- Section 45M(e)(1) of such Code (relating to the aggregate amount of credit allowed) is amended by inserting before the period `beginning after December 31, 2007'.
(b) Effective Date- The amendments made by this section shall apply with respect to appliances manufactured after December 31, 2007.
SEC. 3. EXTENSION OF NONBUSINESS ENERGY PROPERTY CREDIT.
(a) In General- Section 25C(g) of the Internal Revenue Code of 1986 (relating to the termination date) is amended by striking `December 31, 2007' and inserting `December 31, 2009'.
(b) Effective Date- The amendment made by this section shall apply to property placed in service after December 31, 2007.
U.S. Congress - Text of H.R.5373 as Introduced in House Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008
