To amend the Internal Revenue Code of 1986 to make certain adjustments with respect to the nonbusiness energy property tax credit, and for other purposes.
Bill: H.R.5233 | Sponsor: Rep. Moore, Gwen (D-WI)
Policy area: Taxation

Summary:
This bill expands the tax credit for nonbusiness energy property to include a credit for home energy audits. The amount of such credit is 30% of the cost of a home energy audit, not to exceed $150.
The bill defines home energy audit to mean an inspection and written report for a dwelling located in the United States that is owned and used by a taxpayer as the taxpayer's principal residence. The audit must identify the most significant and cost-effective energy efficiency improvements for such dwelling, including an estimate of the energy and cost savings for each improvement, and be conducted and prepared by a certified home energy auditor.

To amend the Internal Revenue Code of 1986 to make certain adjustments 
  with respect to the nonbusiness energy property tax credit, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. HOME ENERGY AUDITS.

    (a) In General.--Section 25C(a) of the Internal Revenue Code of 
1986 is amended by striking ``and'' at the end of paragraph (1), by 
striking the period at the end of paragraph (2) and inserting ``, 
and'', and by adding at the end the following new paragraph:
            ``(3) 30 percent of the amount paid or incurred by the 
        taxpayer during the taxable year for home energy audits.''.
    (b) Limitation.--Section 25C(b) of such Code is amended adding at 
the end the following new paragraph:
            ``(4) Home energy audits.--
                    ``(A) Dollar limitation.--The amount of the credit 
                allowed under this section by reason of subsection 
                (a)(3) shall not exceed $150.
                    ``(B) Substantiation requirement.--No credit shall 
                be allowed under this section by reason of subsection 
                (a)(3) unless the taxpayer includes with the taxpayer's 
                return of tax such information or documentation as the 
                Secretary may require.''.
    (c) Home Energy Audits.--
            (1) In general.--Section 25C is amended by redesignating 
        subsections (e), (f), and (g), as subsections (f), (g), and 
        (h), respectively, and by inserting after subsection (d) the 
        following new subsection:
    ``(e) Home Energy Audits.--For purposes of this section, the term 
`home energy audit' means an inspection and written report with respect 
to a dwelling unit located in the United States and owned or used by 
the taxpayer as the taxpayer's principal residence (within the meaning 
of section 121) which--
            ``(1) identifies the most significant and cost-effective 
        energy efficiency improvements with respect to such dwelling 
        unit, including an estimate of the energy and cost savings with 
        respect to each such improvement, and
            ``(2) is conducted and prepared by a home energy auditor 
        that meets the certification or other requirements specified by 
        the Secretary (after consultation with the Secretary of Energy 
        and the Administrator of the Environmental Protection Agency 
        and not later than 180 days after the date of the enactment of 
        this subsection) in regulations or other guidance.''.
            (2) Conforming amendment.--Section 1016(a)(33) is amended 
        by striking ``section 25C(f)'' and inserting ``section 
        25C(g)''.
    (d) Lack of Substantiation Treated as Mathematical or Clerical 
Error.--Section 6213(g)(2) is amended--
            (1) in subparagraph (P), by striking ``and'' at the end;
            (2) in subparagraph (Q), by striking the period at the end 
        and inserting ``, and''; and
            (3) by adding at the end the following:
                    ``(R) an omission of correct information or 
                documentation required under section 25C(b)(4)(B) 
                (relating to home energy audits) to be included on a 
                return.''.
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