HR 6398 IHCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

2d SessionCommentsClose CommentsPermalink

H. R. 6398CommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to modify and extend the credit for nonbusiness energy property.CommentsClose CommentsPermalink

IN THE HOUSE OF REPRESENTATIVESCommentsClose CommentsPermalink

September 13, 2012CommentsClose CommentsPermalink

Mr. GERLACH (for himself and Mr. NEAL) introduced the following bill; which was referred to the Committee on Ways and MeansCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to modify and extend the credit for nonbusiness energy property.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Home Energy Savings Act of 2012’.CommentsClose CommentsPermalink

SEC. 2. MODIFICATION AND EXTENSION OF CREDIT FOR NONBUSINESS ENERGY PROPERTY.

(a) Credit Made Permanent- Section 25C of the Internal Revenue Code of 1986 is amended by striking subsection (g).CommentsClose CommentsPermalink





(b) Modification to Limitations- Subsection (b) of section 25C of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(1) by striking ‘$500’ in paragraph (1) and inserting ‘$1,000’, andCommentsClose CommentsPermalink





(2) by striking paragraph (2) and redesignating paragraph (3) as paragraph (2).CommentsClose CommentsPermalink





(c) Labor Costs Included in Credit- Paragraph (1) of section 25C(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following flush sentence:CommentsClose CommentsPermalink





‘Such term includes expenditures for labor costs properly allocable to the onsite preparation, assembly, or original installation of the component.’.CommentsClose CommentsPermalink





(d) Roofs- Section 25C(c) of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(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





(e) Modifications to Residential Energy Property Expenditures-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





‘(4) QUALIFIED NATURAL GAS, PROPANE, OR OIL FURNACE OR HOT WATER BOILER- The term ‘qualified natural gas, propane, or oil furnace or hot water boiler’ means--CommentsClose CommentsPermalink





‘(A) a natural gas or propane furnace which achieves an annual fuel utilization efficiency rate of not less than 95,CommentsClose CommentsPermalink





‘(B) a natural gas or propane hot water boiler which achieves an annual fuel utilization efficiency rate of not less than 90,CommentsClose CommentsPermalink





‘(C) an oil furnace or hot water boiler which--CommentsClose CommentsPermalink





‘(i) achieves an annual fuel utilization efficiency rate of not less than 86, andCommentsClose CommentsPermalink





‘(ii)(I) in the case of a hot water boiler, is installed with temperature reset or thermal purge controls and an indirect water heater, andCommentsClose CommentsPermalink





‘(II) in the case of a furnace, is installed with an electronically commutated blower motor.’.CommentsClose CommentsPermalink





(2) WATER HEATERS-CommentsClose CommentsPermalink





(A) IN GENERAL- Paragraph (3) of section 25C(d) of the Internal Revenue Code of 1986 is amended--CommentsClose CommentsPermalink





(i) by striking ‘electric heat pump water heater’ in subparagraph (A) and inserting ‘integrated heat pump water heater’,CommentsClose CommentsPermalink





(ii) by striking ‘a natural gas, propane, or oil water heater’ in subparagraph (D) and inserting ‘an oil water heater’, andCommentsClose CommentsPermalink





(iii) by redesignating subparagraph (E) as subparagraph (G) and inserting after subparagraph (D) the following new subparagraphs:CommentsClose CommentsPermalink





‘(E) a natural gas or propane storage water heater with an energy factor of at least 0.67 or a thermal efficiency of at least 90 percent,CommentsClose CommentsPermalink





‘(F) a natural gas or propane tankless water heater with an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent, and’.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) $1,000 in the case of--CommentsClose CommentsPermalink





‘(i) any water heater described in subsection (d)(3)(A),CommentsClose CommentsPermalink





‘(ii) any natural gas storage water heater described in subsection (d)(3)(E) which--CommentsClose CommentsPermalink





‘(I) has an energy factor of 0.80 or higher, orCommentsClose CommentsPermalink





‘(II) has a thermal efficiency of at least 90 percent, andCommentsClose CommentsPermalink





‘(iii) any natural gas tankless water heater described in subsection (d)(3)(F) which--CommentsClose CommentsPermalink





‘(I) has an energy factor of 0.90 or higher, orCommentsClose CommentsPermalink





‘(II) has a thermal efficiency of at least 90 percent, andCommentsClose CommentsPermalink





‘(B) $500 in the case of--CommentsClose CommentsPermalink





‘(i) any natural gas storage water heater described in subsection (d)(3)(E) which has an energy factor which is at least 0.67 and less than 0.80, andCommentsClose CommentsPermalink





‘(ii) any natural gas tankless water heater described in subsection (d)(3)(F) which has an energy factor which is at least 0.82 and less than 0.90.’.CommentsClose CommentsPermalink





(f) Documentation Requirement- Subsection (e) of section 25C of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





‘(4) DOCUMENTATION-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) in the case of a qualified energy efficiency improvement, the component installed in or on the taxpayer’s dwelling unit, andCommentsClose CommentsPermalink





‘(ii) in the case of a residential energy property expenditure, the qualified energy property.CommentsClose CommentsPermalink





‘(B) VERIFIABLE PRODUCT IDENTIFICATION NUMBER- For purposes of this paragraph, the term ‘verifiable product identification number’ means--CommentsClose CommentsPermalink





‘(i) in the case of any insulation material or system described in subsection (c)(2)(A)--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 any other case, such information about the material or system installed as the Secretary may require,CommentsClose 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





(g) Effective Dates-CommentsClose CommentsPermalink





(1) IN GENERAL- Except as provided by paragraph (2), the amendments made by this section shall apply to property placed in service after December 31, 2013.CommentsClose CommentsPermalink





(2) PERMANENT EXTENSION- The amendment made by subsection (a) shall apply to property placed in service after December 31, 2011.CommentsClose CommentsPermalink