A bill to amend the Internal Revenue Code of 1986 to modify the depreciation recovery period for energy-efficient cool roof systems.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Energy-Efficient Cool Roof Jobs 
Act''.

SEC. 2. DEPRECIATION RECOVERY PERIOD FOR CERTAIN ROOF SYSTEMS.

    (a) 20-Year Recovery Period.--
            (1) In general.--Subparagraph (F) of section 168(e)(3) of 
        the Internal Revenue Code of 1986 (relating to classification 
        of certain property) is amended to read as follows:
                    ``(F) 20-year property.--The term `20-year 
                property' means--
                            ``(i) initial clearing and grading land 
                        improvements with respect to any electric 
                        utility transmission and distribution plant, 
                        and
                            ``(ii) any qualified energy-efficient cool 
                        roof replacement property.''.
            (2) Qualified energy-efficient cool roof replacement 
        property.--Section 168(e) of such Code is amended by adding at 
        the end the following new paragraph:
            ``(9) Qualified energy-efficient cool roof replacement 
        property.--
                    ``(A) In general.--The term `qualified energy-
                efficient cool roof replacement property' means any 
                roof system--
                            ``(i) which is placed in service--
                                    ``(I) above conditioned or semi-
                                heated space on an eligible commercial 
                                building, and
                                    ``(II) during the period beginning 
                                on the date of the enactment of this 
                                paragraph and ending on December 31, 
                                2013,
                            ``(ii) which has a slope equal to or less 
                        than 2:12,
                            ``(iii) which replaces an existing roof 
                        system, and
                            ``(iv) which includes--
                                    ``(I) insulation which meets or 
                                exceeds the minimum prescriptive 
                                requirements in tables A-1 to A-9 in 
                                the Normative Appendix A of ASHRAE 
                                Standard 189.1-2009, and
                                    ``(II) in the case of an eligible 
                                commercial building located in a 
                                climate zone other than climate zone 6, 
                                7, or 8 (as specified in ASHRAE 
                                Standard 90.1-2010), a primary roof 
                                covering which has a cool roof surface.
                    ``(B) Cool roof surface.--The term `cool roof 
                surface' means a roof the exterior surface of which --
                            ``(i) has a 3-year-aged solar reflectance 
                        of at least 0.55 and a 3-year-aged thermal 
                        emittance of at least 0.75, as determined in 
                        accordance with the Cool Roof Rating Council 
                        CRRC-1 Product Rating Program, or
                            ``(ii) has a 3-year-aged solar reflectance 
                        index (SRI) of at least 64, as determined in 
                        accordance with ASTM Standard E1980, 
                        determined--
                                    ``(I) using a medium-wind-speed 
                                convection coefficient of 12 W/m2.K, 
                                and
                                    ``(II) using the values for 3-year-
                                aged solar reflectance and 3-year-aged 
                                thermal emittance determined in 
                                accordance with the Cool Roof Rating 
                                Council CRRC-1 Product Rating Program.
                    ``(C) Roof system.--The term `roof system' means a 
                system of roof components, including roof insulation 
                and a membrane or primary roof covering, but not 
                including the roof deck, designed to weather-proof and 
                improve the thermal resistance of a building.
                    ``(D) Eligible commercial building.--The term 
                `eligible commercial building' means any building--
                            ``(i) which is within the scope of ASHRAE 
                        Standard 90.1-2010,
                            ``(ii) which is located in the United 
                        States,
                            ``(iii) with respect to which depreciation 
                        (or amortization in lieu of depreciation) is 
                        allowable, and
                            ``(iv) which was placed in service prior to 
                        December 31, 2009.
                    ``(E) ASHRAE.--The term `ASHRAE' means the American 
                Society of Heating, Refrigerating and Air-Conditioning 
                Engineers.''.
    (b) Requirement To Use Straight Line Method.--Paragraph (3) of 
section 168(b) of such Code is amended by adding at the end the 
following new subparagraph:
                    ``(J) Any qualified energy-efficient cool roof 
                replacement property.''.
    (c) Alternative System.--The table contained in section 
168(g)(3)(B) of such Code is amended by striking the last item and 
inserting the following new items:

        ``(F)(i)...........................................         25 
         (F)(ii)...........................................     27.5''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.

Summary: Energy-Efficient Cool Roof Jobs Act - Amends the Internal Revenue Code to classify any qualified energy-efficient cool roof replacement property as 20-year property for depreciation purposes. Defines qualified energy-efficient cool roof replacement property as any roof system that: (1) is placed in service above conditioned or semi-heated space on an eligible commercial building during the period between the enactment of this Act and December 31, 2013, (2) has a slope equal to or less than 2:12, (3) replaces an existing roof system, and (4) includes insulation meeting specified standards and a primary roof covering that has a cool roof surface.