[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6376 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6376

    To amend the Internal Revenue Code of 1986 to modify the energy 
   efficient commercial buildings deduction, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           November 17, 2016

   Mr. Reichert (for himself, Mr. Blumenauer, Mr. Reed, and Mr. Van 
   Hollen) 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 modify the energy 
   efficient commercial buildings deduction, and for other purposes.

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

SECTION 1. MODIFICATION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS 
              DEDUCTION.

    (a) Allocations of Deductions.--Paragraph (4) of section 179D(d) of 
such Code is amended to read as follows:
            ``(4) Allocation of deduction for certain property.--
                    ``(A) Property held by governments and 
                nonprofits.--In the case of energy efficient commercial 
                building property installed on or in property owned by 
                a Federal, State, local, or Indian tribal government, 
                or a political subdivision thereof, or by an 
                organization that is described in section 501(c)(3) and 
                exempt from tax under section 501(a), the Secretary 
                shall promulgate a regulation to allow the allocation 
                of the deduction to the person primarily responsible 
                for designing the property in lieu of the owner of such 
                property. Such person shall be treated as the taxpayer 
                for purposes of this section.
                    ``(B) Allocations to partnerships and s 
                corporations.--In the case of an allocation of a 
                deduction under this section to a partnership or S 
                corporation, the Secretary shall by regulation or other 
                guidance allow the full benefit of a deduction 
                allocated under this paragraph at the partner or 
                shareholder level.''.
    (b) Low-Income Housing Exception to Basis Reduction.--Subsection 
(e) of section 179D of such Code is amended by inserting ``(other than 
property placed in service in a qualified low-income building (within 
the meaning of section 42))'' after ``building property''.
    (c) Conforming Amendments.--
            (1) The heading for section 179D of such Code is amended by 
        inserting ``and multifamily'' after ``commercial''.
            (2) The item in the table of sections for part VI of 
        subchapter B of chapter 1 of such Code relating to section 179D 
        of such Code is amended by inserting ``and multifamily'' after 
        ``commercial''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2016.
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