3.0.0 4317 2022-11-01T13:50:01Z 2022-11-01T13:50:01Z House HR 2019-09-12 116 [Congressional Record Volume 165, Number 146 (Thursday, September 12, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LANGEVIN:H.R. 4317.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H7706]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-09-12T04:03:40Z 2019-09-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-09-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-09-12 Introduced in House IntroReferral 1000 9 Library of Congress L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 N W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2019-09-12 True Taxation Energy efficiency and conservation Environmental technology Income tax credits Income tax deductions Lease and rental services Low- and moderate-income housing Residential rehabilitation and home repair Taxation 00 2019-09-12 Introduced in House 2019-09-23T15:17:34Z Building Efficiently Act of 2019

This bill amends the Internal Revenue Code to expand the new energy efficient home tax credit to allow, in lieu of the existing credit, a credit for 3.3% of the cost of constructing a new energy efficient home that is a qualified energy efficient residential rental property.

An energy efficient residential rental property must be certified as being constructed, reconstructed, or retrofitted under a plan designed to reduce energy and power consumption of the building by at least 40% compared to (1) the baseline annual energy and power consumption of the building in the case of a retrofit made to an existing building, or (2) a reference building which meets the minimum requirements of the International Energy Conservation Code 2018 in any other case.

The bill also (1) extends through 2020 the energy efficient commercial buildings deduction; and (2) eliminates the basis reduction requirements for certain low-income housing properties receiving the energy efficient home credit, the energy efficient commercial building deduction, or the credit for investments in energy property.

]]> Building Efficiently Act of 2019 Display Title Building Efficiently Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to extend and expand the new energy efficient home credit, to extend the energy efficient commercial buildings deduction, to eliminate the basis reduction for low-income housing properties receiving certain energy benefits, and for other purposes. Introduced in House IH Short Title(s) as Introduced Building Efficiently Act of 2019 Introduced in House IH Introduced in House 2019-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4317ih/xml/BILLS-116hr4317ih.xml 2019-09-12 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.