I 112th CONGRESS 2d Session H. R. 6226 IN THE HOUSE OF REPRESENTATIVES July 26, 2012 Mr. Welch (for himself and Mr. Renacci) 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 extend the nonbusiness energy property credit to include the insulation component of insulated siding.

1.

Nonbusiness energy property to include insulation component of insulated siding

(a)

In general

Paragraph (2) of section 25C(c) of the Internal Revenue Code of 1986 is amended by striking and at the end of subparagraph (C), by striking the period at the end of subparagraph (D) and inserting , and, and by adding at the end the following new subparagraph: (E)the insulation portion of any building cladding system (including vinyl siding with integral insulating material) that has a minimum thermal resistance of R–2. . (b)

Dollar limitation

Subsection (b) of section 25C(b) of such Code is amended by redesignating paragraph (3) as paragraph (4) and by inserting after paragraph (2) the following new paragraph: (3)

Certain insulation

In the case of amounts paid or incurred for components described in subsection (c)(2)(E) by any taxpayer for any taxable year, the credit allowed under this section with respect to such amounts for such year shall not exceed the excess (if any) of $250 over the aggregate credits allowed under this section with respect to such amounts for all prior taxable years ending after December 31, 2005. . (c)

Effective date

The amendments made by this section shall apply to property placed in service after December 31, 2011.