[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2040 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2040

      To amend the Internal Revenue Code of 1986 to provide for a 
    nonrefundable tax credit against income tax for individuals who 
                 purchase energy efficient appliances.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2001

 Mr. Thompson of California (for himself, Mr. Capuano, Mr. Lantos, Mr. 
  Hinchey, Ms. McKinney, Mr. Blumenauer, Mr. Matsui, Ms. Rivers, Mrs. 
 Capps, Mr. George Miller of California, Mr. Crowley, Mr. Sanders, Mr. 
 Schiff, Ms. McCarthy of Missiouri, Ms. Solis, Mr. Allen, Ms. Pelosi, 
 Mr. Moore, Mrs. Thurman, Mr. McDermott, Ms. Woolsey, Ms. Waters, Mr. 
    DeFazio, Ms. Norton, Mr. Bonior, and Mr. Stupak) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
      To amend the Internal Revenue Code of 1986 to provide for a 
    nonrefundable tax credit against income tax for individuals who 
                 purchase energy efficient appliances.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Energy Efficient Appliances Act of 
2001''.

SEC. 2. CREDIT FOR ENERGY EFFICIENT APPLIANCES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to nonrefundable 
personal credits) is amended by inserting after section 25A the 
following new section:

``SEC. 25B. PURCHASE OF ENERGY EFFICIENT APPLIANCES.

    ``(a) Allowance of Credit.--In the case of an individual, there 
shall be allowed as a credit against the tax imposed by this chapter an 
amount equal to 50 percent of the amount paid by the taxpayer for the 
purchase of any qualified energy efficient appliance.
    ``(b) Limitations.--
            ``(1) Dollar limit.--The credit allowed under subsection 
        (a) shall not exceed $1,000 for each individual for a taxable 
        year.
            ``(2) Appropriate disposition of old appliances required.--
        In the case of a taxpayer purchasing a qualified energy 
        efficient appliance to replace an energy inefficient appliance, 
        the credit allowed under subsection (a) shall not apply unless 
        the taxpayer disposes of the energy inefficient appliance 
        appropriately.
    ``(c) Definition of Qualified Energy Efficient Appliance.--For 
purposes of this section, the term `qualified energy efficient 
appliance' means a clothes washer, clothes dryer, refrigerator, 
dishwasher, water heater, or room air conditioner that meets the 
qualifying levels established by the Secretary of Energy for inclusion 
in the Department of Energy's Energy Star program.''.
    (b) Clerical Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 25A the following new 
item:

``25B. Purchase of energy efficient appliances.''.

SEC. 3. EFFECTIVE DATE.

    The amendments made by this Act shall apply to taxable years 
beginning after December 31, 2001.
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