H.R. 2412

New Energy for America Act

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I

114th CONGRESS

1st Session

H. R. 2412

IN THE HOUSE OF REPRESENTATIVES

May 19, 2015

Mr. Thompson of California (for himself, Mr. Cartwright, Mr. Cárdenas, Mr. Blumenauer, Mr. Neal, Mr. Ben Ray Luján of New Mexico, Mr. Peters, Mr. Van Hollen, Mr. Tonko, Mr. Keating, Mr. Welch, Ms. Matsui, Mr. Ted Lieu of California, Ms. Linda T. Sánchez of California, Mr. Pascrell, Mr. Huffman, Mr. Ruiz, Mr. Ellison, Mr. Brendan F. Boyle of Pennsylvania, Ms. Kuster, Mr. Cohen, and Mr. McDermott) 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 credit for residential energy efficient property and the energy credit.

1.

Short title

This Act may be cited as the New Energy for America Act.

2.

Extension of residential energy efficient property

(a)

In general

Subsection (g) of section 25D of the Internal Revenue Code of 1986 is amended by striking December 31, 2016 and inserting December 31, 2021.

(b)

Effective date

The amendment made by this section shall take effect on the date of the enactment of this Act.

3.

Extension of energy credit

(a)

Solar energy property

Paragraphs (2)(A)(i)(II) and (3)(A)(ii) of section 48(a) of the Internal Revenue Code of 1986 are each amended by striking periods ending before January 1, 2017 and inserting property the construction of which begins before January 1, 2022.

(b)

Qualified fuel cell property

Section 48(c)(1)(D) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2022.

(c)

Qualified microturbine property

Section 48(c)(2)(D) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2022.

(d)

Combined heat and power system property

Section 48(c)(3)(A)(iv) of such Code is amended by striking which is placed in service before January 1, 2017 and inserting the construction of which begins before January 1, 2022.

(e)

Qualified small wind energy property

Section 48(c)(4)(C) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2022.

(f)

Thermal energy property

Section 48(a)(3)(A)(vii) of such Code is amended by striking periods ending before January 1, 2017 and inserting property the construction of which begins before January 1, 2022.

(g)

Effective date

The amendments made by this section shall take effect on the date of the enactment of this Act.