I 111th CONGRESS 2d Session H. R. 5396 IN THE HOUSE OF REPRESENTATIVES May 25, 2010 Mr. Pascrell (for himself, Mr. Larson of Connecticut, Mr. Herger, Mr. Heller, Ms. Velázquez, Mr. Nunes, and Mr. Guthrie) 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 the depreciation of certain roof systems.
1.
Short title
This Act may be cited as the Green Energy Efficient Roofs and Job Creation Act of 2010.
2.
Depreciation recovery period for certain roof systems
(a)
20-Year recovery period
Subparagraph (F) of section 168(e)(3) of the Internal Revenue Code of 1986 (relating to classification of certain property) is amended to read as follows: (F)
20-year property
The term 20-year property means— (i)initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant, and (ii)replacement of an existing roof on a commercial building during 2010 or 2011 with a roof assembly which has the new insulation installed entirely above the roof deck and which meets or exceeds the minimum R-value for the appropriate climate zone specified in the following table: Climate zone12345678 R-Value2025252525303535
. (b)
Requirement To use straight line method
Paragraph (3) of section 168(b) of such Code is amended by adding at the end the following new subparagraph: (J)Any roof system described in subsection (e)(3)(F)(ii). . (c)
Alternative system
The table contained in section 168(g)(3)(B) of such Code is amended by striking the last item and inserting the following new items: (F)(i)25 (F)(ii)20
. (d)Section 168(e) is amended by adding after paragraph (8) the following: (9)
Commercial building
The term commercial building means any commercial building, as that term is used under section 202 of the 2009 International Energy Conservation Code, located in the United States with respect to which depreciation (or amortization in lieu of depreciation) is allowable and which was in existence on December 31, 2009. (10)
Climate zone
The term climate zone means climate zones as specified in section 301 of the 2009 International Energy Conservation Code. . (e)
Effective date
The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.