I 111th CONGRESS 1st Session H. R. 2649 IN THE HOUSE OF REPRESENTATIVES June 2, 2009 Ms. Bean 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 modify the new energy efficient home credit and to provide a credit against tax for the purchase of certain energy efficient homes.
1.
Short title
This Act may be cited as the Next Generation Homes Act of 2009 .
2.
Modification of new energy efficient home credit
(a)
In general
(1)
Modification of credit amount
Paragraph (2) of section 45L(a) of the Internal Revenue Code of 1986 (relating to applicable amount) is amended to read as follows: (2)
Applicable amount
For purposes of paragraph (1), the applicable amount is an amount equal to— (A)in the case of an Energy Star Home, $700, (B)in the case of an Energy Plus Home, $2,000, (C)in the case of an Energy Saver Home, $5,000, and (D)in the case of Zero Energy Home, $10,000. . (2)
Modification of energy saving requirement
Subsection (c) of section 45L of such Code is amended to read as follows: (c)
Energy savings requirements
(1)
In general
A dwelling unit meets the energy savings requirements of this subsection if such unit is described in paragraph (2). (2)
Applicable dwelling units
For purposes of this section— (A)
Energy Star home
The term Energy Star Home means a dwelling unit which meets the requirements established by the Administrator of the Environmental Agency under the Energy Star Labeled Homes program. (B)
Energy Plus Home
The term Energy Plus Home means a dwelling unit which is certified under the most recent Mortgage Industry National Home Energy Rating Systems Standards as having a relative energy use index value of more than 50, but not more than 70. (C)
Energy Saver Home
The term Energy Saver Home means a dwelling unit which meets the requirements of subparagraph (B) applied by substituting 0 for 50 and 50 for 70. (D)
Zero energy home
The term Zero Energy Home means a dwelling unit which meets the requirements of subparagraph (B) applied by substituting 0 for more than 50, but not more than 70. . (3)
Modification of termination
Subsection (g) of section 45L of such Code (relating to termination) is amended to read as follows: (g)
Termination
This section shall not apply to any qualified new energy efficient home acquired after— (1)in the case of an Energy Star Home, December 31, 2011, (2)in the case of a Energy Star Home, December 31, 2013, (3)in the case of a Energy Plus Home, December 31, 2015, and (4)in the case of a Zero Energy Home, December 31, 2018. . (b)
Effective date
The amendments made by this section shall apply to new energy efficient homes acquired after December 31, 2008.
3.
Energy efficient residence credit
(a)
In general
Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25D the following new section:
25E.
Energy efficient residence credit
(a)
In general
In the case of an individual who purchases a qualified energy efficient residence in the United States during a taxable year, there shall be allowed as a credit against the tax imposed by this chapter for such taxable year an amount equal to the applicable amount determined under subsection (c). (b)
Qualified energy efficient residence
For purposes of this section, the term qualified energy efficient residence means any principal residence (within the meaning of section 121) of the taxpayer which is an Energy Star Home, Energy Plus Home, Energy Saver Home, or Zero Energy Home (as each is defined in section 45L(c)(2)). (c)
Applicable amount
For purposes of this section— (1)
In general
The applicable amount shall be— (A)in the case of an Energy Star Home, $700, (B)in the case of an Energy Plus Home, $2,000, (C)in the case of an Energy Saver Home, $5,000, and (D)in the case of Zero Energy Home, $10,000. (2)
Married filing separately
In the case of a married individual filing a separate return, the applicable amount shall be 50 percent of the amount in effect under paragraph (1) applicable to the qualified energy efficient home involved. (3)
Other individuals
If two or more individuals who are not married purchase a principal residence, the amount of the credit allowed under subsection (a) shall be allocated among such individuals in such manner as the Secretary may prescribe, except that the total amount of the credits allowed to all such individuals shall not exceed the amount in effect under paragraph (1) applicable to the qualified energy efficient home involved. (d)
Definition and special rules
For purposes of this section— (1)
Purchase
The term purchase shall have the meaning given such term by section 36. (2)
Rules made applicable
Rules similar to the rules of subsections (d) and (f) of section 36 shall apply. For purposes of the preceding sentence, such subsection (f) shall be applied without regard to paragraph (4)(D) thereof. (e)
Termination
This section shall not apply to any qualified energy efficient residence purchased after— (1)in the case of an Energy Star Home, December 31, 2011, (2)in the case of a Energy Star Home, December 31, 2013, (3)in the case of a Energy Plus Home, December 31, 2015, and (4)in the case of a Zero Energy Home, December 31, 2018.
. (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 25D the following new item: Sec. 25E. Energy efficient residence credit. . (c)
Effective date
The amendments made by this section shall apply to residences purchased after the date of the enactment of this Act.