[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 993 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 993

 To amend the Internal Revenue Code of 1986 to allow a credit against 
income tax for the installation of residential micro-combined heat and 
                            power property.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 7, 2009

Mr. Schumer (for himself and Mrs. Gillibrand) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow a credit against 
income tax for the installation of residential micro-combined heat and 
                            power property.

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

SECTION 1. RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT TO INCLUDE 
              MICRO-COMBINED HEAT AND POWER GENERATING EQUIPMENT.

    (a) Allowance of Credit.--Subsection (a) of section 25D of the 
Internal Revenue Code of 1986 (relating to allowance of credit) is 
amended by striking ``and'' at the end of paragraph (4), by striking 
the period at the end of paragraph (5) and inserting ``, and'', and by 
adding at the end the following new paragraph:
            ``(6) 30 percent of the qualified micro-combined heat and 
        power property expenditures made by the taxpayer during such 
        year.''.
    (b) Qualified Micro-Combined Heat and Power Property Expenditures 
Defined.--Subsection (d) of section 25D of the Internal Revenue Code of 
1986 (relating to definitions) is amended by adding at the end the 
following new paragraph:
            ``(6) Qualified micro-combined heat and power property 
        expenditure.--The term `qualified micro-combined heat and power 
        property expenditure' means any expenditure for an integrated, 
        cogenerating building heating and electrical power generation 
        system which--
                    ``(A) has a full load design total fuel use 
                efficiency in the production of heat and electricity of 
                not less than 80 percent,
                    ``(B) operates with a rated capacity of at least 1 
                kilowatt, but not more than 30 kilowatts of 
                electricity,
                    ``(C) is manufactured, installed, and operated in 
                accordance with applicable government and industry 
                standards,
                    ``(D) is capable of being connected to the local 
                electric power distribution system, and
                    ``(E) generates electricity for use in connection 
                with a dwelling unit located in the United States and 
                used as a residence by the taxpayer.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2008.
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