H.R. 5373

Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008

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I

110th CONGRESS

2d Session

H. R. 5373

IN THE HOUSE OF REPRESENTATIVES

February 12, 2008

Mr. Boswell 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 extend the energy efficient appliance credit and the nonbusiness energy property credit.

1.

Short title

This Act may be cited as the Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008.

2.

Extension of energy efficient appliance credit

(a)

In general

(1)

Extension of the credit to include appliances manufactured in 2008 or 2009

(A)

Extension of credit relating to dishwashers

Section 45M(b)(1)(A) of the Internal Revenue Code of 1986 is amended—

(i)

by striking 2006 or 2007, and and inserting 2006, 2007, 2008, or 2009,,

(ii)

in clause (ii)—

(I)

by inserting in the case of a dishwasher manufactured in 2006 or 2007, before meets, and

(II)

by striking the period at the end and inserting , and, and

(iii)

by adding at the end the following new clause:

(iii)

in the case of a dishwasher manufactured in 2008 or 2009, meets the requirements of the Energy Star program which are in effect for dishwashers in 2008.

.

(B)

Extension of credit relating to clothes washers

Section 45M(b)(1)(B) of such Code is amended—

(i)

by striking 2006 or 2007, and and inserting 2006, 2007, 2008, or 2009,,

(ii)

in clause (ii)—

(I)

by inserting in the case of a clothes washer manufactured in 2006 or 2007, before meets, and

(II)

by striking the period at the end and inserting , and, and

(iii)

by adding at the end the following new clause:

(iii)

in the case of a clothes washer manufactured in 2008 or 2009, meets the requirements of the Energy Star program which are in effect for dishwashers in 2008.

.

(C)

Extension of credit relating to refrigerators

Section 45M(b)(1)(C) of such Code is amended—

(i)

by striking 2006 or 2007 each place it appears and inserting 2006, 2007, 2008, or 2009, and

(ii)

in clause (i)(I), by striking 2006 and inserting 2006, 2008, or 2009.

(2)

Updating the energy savings percentage

Section 45M(b)(2)(B) of such Code (relating to the energy savings percentage) is amended—

(A)

by striking in 2007 each place it appears and inserting in 2008, and

(B)

by striking in 2005 and inserting in 2006.

(3)

Updating the eligible production amount

(A)

In general

Section 45M(c) of such Code (relating to the eligible production) is amended by striking 3-calendar each place it appears and inserting 2-calendar.

(B)

Technical correction

Section 45M(c)(1) of such Code is amended by striking paragraphs and inserting paragraph.

(4)

Updating the aggregate credit amount allowed

Section 45M(e)(1) of such Code (relating to the aggregate amount of credit allowed) is amended by inserting before the period beginning after December 31, 2007.

(b)

Effective date

The amendments made by this section shall apply with respect to appliances manufactured after December 31, 2007.

3.

Extension of nonbusiness energy property credit

(a)

In general

Section 25C(g) of the Internal Revenue Code of 1986 (relating to the termination date) is amended by striking December 31, 2007 and inserting December 31, 2009.

(b)

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2007.