I 111th CONGRESS 1st Session H. R. 3660 IN THE HOUSE OF REPRESENTATIVES September 29, 2009 Mr. Wu (for himself and Mrs. Bono Mack) 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 promote tax parity between the residential and business fuel cell tax credits.

1.

Short title

This Act may be cited as the Fuel Cell Tax Parity Act of 2009.

2.

Modification of credit for residential energy efficient property

(a)

Maximum credit conformed to business credit

(1)

In general

Paragraph (1) of section 25D(b) of the Internal Revenue Code of 1986 is amended by striking $500 and inserting $1,500. (2)

Conforming amendment

Subparagraph (A) of section 25D(e)(4) of such Code is amended by striking $1,667 and inserting $5,000. (b)

Removal of principal residence requirement for qualified fuel cell property expenditures

Paragraph (3) of section 25D(d) of such Code is amended by striking used as a principal residence (within the meaning of section 121) by the taxpayer and inserting used as a residence by the taxpayer. (c)

Effective date

The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.