I
109th CONGRESS
2d Session
H. R. 5809
IN THE HOUSE OF REPRESENTATIVES
July 17, 2006
Ms. Hart (for herself and Mr. Baird) 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 increase and extend the energy efficient commercial buildings deduction.
Short title
This Act may be cited as the Energy
Efficient Buildings Act of 2006
.
Increase and extension of energy efficient commercial buildings deduction
Increase in amount of deduction
Section 179D of the Internal Revenue Code of 1986 (relating to energy efficient commercial buildings deduction) is amended—
in subsection
(b)(1)(A) by striking $1.80
and inserting $2.25
,
and
in subsection
(d)(1)(A) by striking $.60 for $1.80
and inserting $.75
for $2.25
.
Extension
Subsection
(h) of section 179D of such Code (relating to termination) is amended by
striking December 31, 2007
and inserting December 31,
2010
.
Effective date
The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2006.