Official Summary

9/13/2012--Introduced.Home Energy Savings Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for nonbusiness energy property expenditures, to: (1) make such tax credit permanent; (2) increase from $500 to $1,000 the dollar limitation on such credit; (3) allow th

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Official Summary

9/13/2012--Introduced.Home Energy Savings Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for nonbusiness energy property expenditures, to:
(1) make such tax credit permanent;
(2) increase from $500 to $1,000 the dollar limitation on such credit;
(3) allow the inclusion of labor costs in amounts eligible for such credit;
(4) revise definitions and requirements relating to roofing products and for natural gas, propane, oil furnaces, or hot water boilers and heaters; and
(5) set forth documentation requirements for claiming such credit.

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