[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6403 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6403

 To provide for grants in lieu of expensing under the Internal Revenue 
   Code of 1986 for energy efficient commercial buildings placed in 
                       service by manufacturers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 13, 2012

  Mr. Murphy of Connecticut introduced the following bill; which was 
  referred to the Committee on Ways and Means, and in addition to the 
   Committee on Energy and Commerce, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To provide for grants in lieu of expensing under the Internal Revenue 
   Code of 1986 for energy efficient commercial buildings placed in 
                       service by manufacturers.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Manufacturing Assistance Driving 
Efficiency Act of 2012'' or as the ``MADE Act of 2012''.

SEC. 2. GRANTS IN LIEU OF EXPENSING FOR ENERGY EFFICIENT COMMERCIAL 
              BUILDINGS PLACED IN SERVICE BY MANUFACTURERS.

    (a) In General.--Upon application, the Secretary of the Treasury 
shall, subject to the requirements of this section and such other terms 
and conditions as the Secretary may impose, provide a grant to each 
manufacturer who places in service for the use of such manufacturer 
energy efficient commercial building property--
            (1) to reimburse such manufacturer for a portion of the 
        expense of such property as provided in subsection (b), or
            (2) for power purchase agreements for renewable energy 
        resources for use in such property.
    (b) Limitation.--No grant shall be made under this section with 
respect to any property unless such property--
            (1) is placed in service during 2012 or 2013, or
            (2) is placed in service after 2013 and before 2016 with 
        respect to such property, but only if the construction of such 
        property began during 2012 or 2013.
    (c) Grant Amount.--
            (1) In general.--The amount of the grant under subsection 
        (a) shall--
                    (A) in the case of any energy efficient commercial 
                building property be the basis of such property, and
                    (B) in the case of a power purchase agreement, 
                shall be 50 percent of the excess (if any) of the rate 
                to be paid under the power purchase agreement over the 
                standard electrical rate.
            (2) Limitation.--The amount of any grant under this section 
        with respect to such property shall not exceed the limitation 
        described in section 179D(b)(1) of the Internal Revenue Code of 
        1986.
    (d) Time for Payment of Grant.--The Secretary of the Treasury shall 
make payment of any grant under subsection (a) during the 60-day period 
beginning on the later of--
            (1) the date of the application for such grant, or
            (2) the date the energy efficient commercial building 
        property for which the grant is being made is placed in 
        service.
    (e) Definitions and Special Rules.--For purposes of this section--
            (1) Energy efficient commercial building property.--The 
        term ``energy efficient commercial building property'' has the 
        meaning given such term by section 179D(c) of the Internal 
        Revenue Code of 1986.
            (2) Manufacturer.--The term ``manufacturer'' means a person 
        classified as a manufacturer under the North American Industry 
        Classification System (2007) under any of the codes numbered 31 
        through 33.
            (3) Other terms.--Terms used in this section which are also 
        used in section 179D of such Code shall have the same meaning 
        for purposes of this section as when used in such section 179D.
            (4) Application of certain rules.--In making grants under 
        this section, the Secretary of the Treasury shall apply rules 
        similar to the rules of section 179D of the Internal Revenue 
        Code of 1986.
            (5) Reference.--Any reference in this section to the 
        Secretary of the Treasury shall be treated as including the 
        Secretary's delegate.
    (f) Coordination.--For purposes of any other section of this 
chapter, the cost of any property with respect to which a grant is made 
under this section shall be reduced by the amount of such grant.
    (g) Appropriations.--There is hereby appropriated to the Secretary 
of the Treasury such sums as may be necessary to carry out this 
section.
    (h) Termination.--The Secretary of the Treasury shall not make any 
grant to any person under this section unless the application of such 
person for such grant is received before January 1, 2013.
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