S. 2105Senate109th Congress (2005-2007)In Committee

Home Energy Savings Incentives Act of 2005

Introduced December 15, 2005

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

December 15, 2005

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SenateIntro Referral

Introduced in Senate

December 15, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance.

December 15, 2005

Floor Debate

24 members

What members said about S. 2105 on the floor

10 Republicans14 Democrats
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Jan 24, 2005

Mr. President, on behalf of Senator Hutchison and myself, I rise today to introduce legislation to reauthorize the tremendously successful Breast Cancer Research Stamp for 2 additional years. Without…

Daniel K. Inouye
Sen. Daniel K. InouyeD-HI · Jan 24, 2005

Mr. President, today I introduce the United States Military Cancer Institute Research Collaborative Act. This legislation would formally establish the United States Military Cancer Institute (USMCI),…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Dec 15, 2005

Mr. President, today I rise with my colleague Senator Ensign to introduce the National Innovation Act, S. 2105. This Act is about building a new century of progress and prosperity for our Nation by…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Jan 24, 2005

Mr. President, it's an honor to join our Democratic Leader and so many of our colleagues in introducing the Affordable Health Care Act. This legislation states our strong commitment as Democrats to…

Maria Cantwell
Sen. Maria CantwellD-WA · Jan 24, 2005

Mr. President, today I am joining my good friend the Senator from Texas, (Mrs. Hutchison), and the Senator from Tennessee, the Majority Leader, Mr. Frist, in legislation to permanently extend the…

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Carl Levin
Sen. Carl LevinD-MI · Jan 24, 2005

Mr. President, I am honored to introduce the Standing with Our Troops Act of 2005. This bill addresses the needs of the Soldiers, Sailors, Airmen, and Marines who have responded so bravely to the…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Jan 24, 2005

Mr. President, I am pleased to reintroduce legislation that would put an end to automatic cost-of-living adjustments for congressional pay. As I have noted when I raised this issue in past years, it…

John F. Kerry
Sen. John F. KerryD-MA · Jan 24, 2005

Mr. President, as Ranking Member of the Small Business and Entrepreneurship Committee, today I am introducing a package of bills that will help small business owners with access to loans, business…

Paul S. Sarbanes
Sen. Paul S. SarbanesD-MD · Jan 24, 2005

Mr. President, today I am introducing the International Remittance Consumer Protection Act of 2005. This legislation extends basic consumer protection rights to those who send remittances, and it…

James M. Inhofe
Sen. James M. InhofeR-OK · Jan 24, 2005

Mr. President, I rise today, as an experienced pilot over age 60, along with my colleagues, Senator Stevens and Senator Burns, to introduce a bill that will help end age discrimination among airline…

Michael B. Enzi
Sen. Michael B. EnziR-WY · Jan 24, 2005

Mr. President, as reports continue to appear in the media, there can be little doubt that a critical area of homeland security, and one on which I will be focusing as Chairman of the Health,…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Jan 24, 2005

Mr. President, over the past decade, Congress has approved over $46 billion in disaster relief and emergency spending. This is an average of $4.6 billion a year. The majority of this funding--$34…

Larry E. Craig
Sen. Larry E. CraigR-ID · Jan 24, 2005

Mr. President, I rise to address an issue that has begun to emerge and gain our attention in rural America. This issue is an important one because it has the potential to devastate, economically,…

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George Allen
Sen. George AllenR-VA · Jan 24, 2005

Mr. President, I rise to bring to my colleagues' attention a bill I introduced today called the Honoring the Fallen Soldiers and Families Act of 2005, sharing the same views of Senator Sessions of…

Richard G. Lugar
Sen. Richard G. LugarR-IN · Jan 24, 2005

Mr. President, I rise today in support of a bill that I have introduced with Senator Carl Levin authorizing the extension of permanent normal trade relations treatment. Ukraine is still subject to…

Mike Crapo
Sen. Mike CrapoR-ID · Dec 15, 2005

Mr. President, I rise today to introduce the Collaboration for the Recovery of the Endangered Species Act, or CRESA. Over the years, this body and the Nation as a whole have fiercely debated the…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Jan 24, 2005

Mr. President, I rise today to introduce a bill that would make sweeping changes to the way the Department of Veterans Affairs (VA) delivers health care and benefits to our nation's veterans. S. 13…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · Jan 24, 2005

Mr. President, I rise today to speak about a bill that Senator Corzine and I are introducing, the New Jersey Coastal Heritage Trail Route bill. Our bill would reauthorize a law based on a bill that…

Evan Bayh
Sen. Evan BayhD-IN · Dec 15, 2005

Mr. President, I rise today to introduce the Small Business Growth Initiative of 2005, which is critical to expanding opportunities for our small businesses to excel in the U.S economy and compete…

Herb Kohl
Sen. Herb KohlD-WI · Jan 24, 2005

Mr. President, today I am introducing the Weekend Voting Act. This legislation will change the day for Congressional and Presidential elections from the first Tuesday in November to the first weekend…

Mike DeWine
Sen. Mike DeWineR-OH · Jan 24, 2005

Mr. President, I rise today to honor the many families of our Nation's servicemen and women. We owe them a tremendous debt of gratitude for the services they have performed in supporting their family…

Wayne Allard
Sen. Wayne AllardR-CO · Jan 24, 2005

Mr. President, I would like to first express my gratitude to the leadership for making the Marriage Protection Amendment a priority in this Congress. The Marriage Protection Amendment is a…

Barbara Boxer
Sen. Barbara BoxerD-CA · Jan 24, 2005

Mr. President, I am introducing legislation today to name the courthouse in Sacramento, California, as the ``Robert T. Matsui United States Courthouse.'' I am pleased to be joined in this effort by…

Craig Thomas
Sen. Craig ThomasR-WY · Dec 15, 2005

Mr. President, I join with my friend from Idaho as a cosponsor to this bill on endangered species. He and I and others have worked on this for a good long time. Both of us have been on the Committee…

Bill Text

Latest available legislative text

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Introduced in SenateIssued December 15, 2005

II

109th CONGRESS

1st Session

S. 2105

IN THE SENATE OF THE UNITED STATES

December 15, 2005

Mr. Coleman introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to modify the credit for nonbusiness energy property so that the amount of the credit is determined based on the amount of energy savings achieved by the taxpayer.

1.

Short title

This Act may be cited as the Home Energy Savings Incentives Act of 2005.

2.

Modification of credit for certain nonbusiness energy property

(a)

In general

Section 25C of the Internal Revenue Code of 1986 is amended to read as follows:

25C.

Nonbusiness energy property

(a)

Allowance of credit

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 sum of—

(1)

$10 for each therm of certified natural gas savings attributable to qualified energy efficiency expenditures made during the taxable year, and

(2)

$0.65 for each kilowatt hour of certified electricity savings attributable to qualified energy efficiency expenditures made during the taxable year.

(b)

Lifetime limitation

The credit allowed under this section with respect to any taxpayer for any taxable year shall not exceed the excess (if any) of $5,000 over the aggregate credits allowed under this section with respect to such taxpayer for all prior taxable years.

(c)

Qualified energy efficiency expenditures

For purposes of this section—

(1)

In general

The term qualified energy efficiency expenditures means expenditures made by the taxpayer, after consultation with a qualified individual described in subsection (d)(2)(C), for the improvement of a dwelling unit of the taxpayer located in the United States and used by the taxpayer as the taxpayer’s principal residence.

(2)

No double benefit for certain expenditures

The term qualified energy efficiency expenditures shall not include any expenditure for which a deduction or credit is otherwise allowed under this chapter.

(3)

Principal residence

(A)

In general

The term principal residence has the same meaning as when used in section 121, except that—

(i)

no ownership requirement shall be imposed, and

(ii)

the period for which a building is treated as used as a principal residence shall also include the 60-day period ending on the 1st day on which it would (but for this subparagraph) first be treated as used as a principal residence.

(B)

Manufactured housing

The term residence shall include a dwelling unit which is a manufactured home conforming to Federal Manufactured Home Construction and Safety Standards (24 C.F.R. 3280).

(d)

Certified natural gas savings; certified electricity savings

(1)

In general

(A)

Certified natural gas savings

The term certified natural gas savings means, with respect to any taxable year, the amount, measured in therms on an average annual basis, which is equal to the excess of—

(i)

85 percent of the amount of natural gas which would be consumed with respect to the dwelling unit of the taxpayer if the qualified energy efficiency expenditures with respect to such taxable year were not made, as certified in accordance with paragraph (2), over

(ii)

the amount of such natural gas consumption with respect to such dwelling unit determined by taking into account the qualified energy efficiency expenditures made during such taxable year, as certified in accordance with paragraph (2).

(B)

Certified electricity savings

The term certified electricity savings means, with respect to any taxable year, the amount, measured in kilowatt hours on an annual basis, which is equal to the excess of—

(i)

85 percent of the amount of electricity which would be consumed with respect to the dwelling unit of the taxpayer if the qualified energy efficiency expenditures with respect to such taxable year were not made, as certified in accordance with paragraph (2), over

(ii)

the amount of electricity consumption with respect to such dwelling unit determined by taking into account the qualified energy efficiency expenditures made during such taxable year, as certified in accordance with paragraph (2).

(2)

Certification

(A)

In general

The Secretary shall prescribe the manner and method for the making of certifications under this paragraph.

(B)

Procedures

The Secretary shall include as part of the certification process procedures for inspection and testing by qualified individuals described in subparagraph (C) to ensure compliance of dwelling units with the requirements of this section. Such procedures shall be similar to the requirements in the Mortgage Industry National Accreditation Procedures for Home Energy Rating Systems.

(C)

Qualified individuals

Individuals qualified to determine compliance shall be only those individuals who are recognized by an organization certified by the Secretary for such purposes.

(e)

Special rules

For purposes of this section, rules similar to the rules under paragraphs (4), (5), (6), (7), (8), and (9) of section 25D(e) shall apply.

(f)

Basis adjustments

For purposes of this subtitle, if a credit is allowed under this section with respect to any expenditure with respect to any property, the increase in the basis of such property which would (but for this subsection) result from such expenditure shall be reduced by the amount of the credit so allowed.

(g)

Termination

This section shall not apply with respect to any property placed in service after December 31, 2007.

.

(b)

Conforming amendment

Section 1016(a)(34) is amended by striking 25C(e) and inserting section 25C(f).

(c)

Effective dates

The amendments made by this section shall apply to property placed in service after December 31, 2005.