H.R. 5809

Energy Efficient Buildings Act of 2006

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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.

1.

Short title

This Act may be cited as the Energy Efficient Buildings Act of 2006.

2.

Increase and extension of energy efficient commercial buildings deduction

(a)

Increase in amount of deduction

Section 179D of the Internal Revenue Code of 1986 (relating to energy efficient commercial buildings deduction) is amended—

(1)

in subsection (b)(1)(A) by striking $1.80 and inserting $2.25, and

(2)

in subsection (d)(1)(A) by striking $.60 for $1.80 and inserting $.75 for $2.25.

(b)

Extension

Subsection (h) of section 179D of such Code (relating to termination) is amended by striking December 31, 2007 and inserting December 31, 2010.

(c)

Effective date

The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2006.