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H.R.6398 - Home Energy Savings Act of 2012
To amend the Internal Revenue Code of 1986 to modify and extend the credit for nonbusiness energy property.
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SECTION 1. SHORT TITLE.
SEC. 2. MODIFICATION AND EXTENSION OF CREDIT FOR NONBUSINESS ENERGY PROPERTY.
(1) in paragraph (1), by striking ‘a metal roof with appropriate pigmented coatings, or an asphalt roof with appropriate cooling granules,’ and inserting ‘or a roofing product’, andCommentsClose CommentsPermalink
(2) in paragraph (2)(D), by striking ‘any metal roof or asphalt roof installed on a dwelling unit, but only if such roof has appropriate pigmented coatings or cooling granules which are’ and inserting ‘any roofing product installed on a dwelling unit, but only if such roofing product is’.CommentsClose CommentsPermalink
(1) QUALIFIED NATURAL GAS, PROPANE, OR OIL FURNACES OR HOT WATER BOILERS- Paragraph (4) of section 25C(d) of the Internal Revenue Code of 1986 is amended to read as follows:CommentsClose CommentsPermalink
(B) LIMITATION- Paragraph (2) of section 25C(b) of such Code, as redesignated by subsection (b), is amended by striking subparagraphs (A) through (C) and inserting the following:CommentsClose CommentsPermalink
‘(A) IN GENERAL- No credit shall be allowed under subsection (a) for any amount paid or incurred for a qualified energy efficiency improvement or for any residential energy property expenditure unless the taxpayer includes on the return of tax for the taxable year the verifiable product identification number with respect to--CommentsClose CommentsPermalink
‘(I) if such material or system is installed by a contractor, a signed and dated statement from the contractor describing the insulation installed, including the thickness, coverage area, R-value, and such other information required by the Secretary, in consultation with the Chairman of the Federal Trade Commission, andCommentsClose CommentsPermalink
‘(ii) in the case of any exterior door, exterior window, or skylight, the National Fenestration Rating Council certified product detail number or such other identification number determined by the Secretary,CommentsClose CommentsPermalink
‘(iii) in the case of any roof described in subsection (c)(2)(C), the Cool Roof Rating Council rated roofing product identification number or such other identification number determined by the Secretary, andCommentsClose CommentsPermalink
‘(iv) in the case of any qualified energy property, the Air-Conditioning Heating and Refrigeration Institute certified reference number or such other identification number used for heating, air conditioning, ventilation, or water heating equipment as determined by the Secretary.’.CommentsClose CommentsPermalink