S.Amdt. 351

SA 351. Ms. SNOWE submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

On page 461, between lines 10 and 11, insert the following:

SEC. ____. ENERGY RATINGS OF NON-BUSINESS PROPERTY.

(a) In General.--Subpart A of part IV of subchapter A of
chapter 1 is amended by inserting after section 25D the
following new section:

``SEC. 25E. ENERGY RATINGS OF NON-BUSINESS PROPERTY.

``(a) In General.--In the case of an individual, there
shall be allowed as a credit against the tax imposed by this
chapter for the taxable year an amount equal to the amount
paid or incurred by the taxpayer for a qualified home energy
rating conducted during such taxable year.
``(b) Limitation.--The amount allowed as a credit under
subsection (a) with respect to any taxpayer for any taxable
year shall not exceed $200.
``(c) Qualified Home Energy Rating.--For purposes of this
section, the term `qualified home energy rating' means a home
energy rating conducted with respect to any residence of the
taxpayer by a home performance auditor certified by a
provider accredited by the Building Performance Institute
(BPI), the Residential Energy Services Network (RESNET), or
equivalent rating system.
``(d) Termination.--This section shall not apply with
respect to any rating conducted after December 31, 2011.''.
(b) Clerical Amendment.--The table of sections for subpart
A of part IV of subchapter A chapter 1 is amended by
inserting after the item relating to section 25D the
following new item:

``Sec. 25E. Energy ratings of non-business property.''.

(c) Effective Date.--The amendments made by this section
shall apply to amounts paid or incurred in taxable years
beginning after the date of the enactment of this Act.
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