H.R.6403 - MADE Act of 2012

To provide for grants in lieu of expensing under the Internal Revenue Code of 1986 for energy efficient commercial buildings placed in service by manufacturers. view all titles (3)

All Bill Titles

  • Short: MADE Act of 2012 as introduced.
  • Short: Manufacturing Assistance Driving Efficiency Act of 2012 as introduced.
  • Official: To provide for grants in lieu of expensing under the Internal Revenue Code of 1986 for energy efficient commercial buildings placed in service by manufacturers. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/13/12
 
 
 
 
 
 
 

Official Summary

Manufacturing Assistance Driving Efficiency Act of 2012 or MADE Act of 2012 - Directs the Secretary of the Treasury to provide grants to manufacturers who place energy efficient commercial building property in service: (1) during 2012 or 2013; or (2) after 2013 and before 2016, provided the

Official Summary

Manufacturing Assistance Driving Efficiency Act of 2012 or MADE Act of 2012 - Directs the Secretary of the Treasury to provide grants to manufacturers who place energy efficient commercial building property in service:
(1) during 2012 or 2013; or
(2) after 2013 and before 2016, provided the construction of such property began during 2012 or 2013. Limits such a grant to:
(1) the basis of such property, or
(2) 50% of any excess of the rate to be paid under a power purchase agreement for renewable energy resources for use in such property over the standard electrical rate, and
(3) the allowable income tax deduction for the cost of energy efficient commercial building property placed in service during a taxable year.

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