Title: Sunshine Forever Act
Policy area: Taxation

Summary:
Sunshine Forever Act
This bill extends for ten years the 30% energy tax credit and its phaseout for solar energy property. It also extends for a ten year period the tax credit for residential energy efficient property with respect to qualified solar electric property and water heating property.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2356 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 2356

 To amend the Internal Revenue Code of 1986 to extend certain credits 
                        related to solar energy.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2019

  Mr. Crist 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 certain credits 
                        related to solar energy.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sunshine Forever Act''.

SEC. 2. EXTENSION OF SOLAR ENERGY CREDIT.

    (a) In General.--Section 48(a)(2)(A)(i)(II) of the Internal Revenue 
Code of 1986 is amended by striking ``January 1, 2022'' and inserting 
``January 1, 2032''.
    (b) Extension of Phaseout.--Section 48(a)(6) of such Code is 
amended--
            (1) in subparagraph (A)--
                    (A) by striking ``January 1, 2022'' in the matter 
                preceding clause (i) and inserting ``January 1, 2032'',
                    (B) by striking ``after December 31, 2019, and 
                before January 1, 2021'' in clause (i) and inserting 
                ``during 2030'', and
                    (C) by striking ``after December 31, 2020, and 
                before January 1, 2022'' in clause (ii) and inserting 
                ``during 2031'', and
            (2) in subparagraph (B)--
                    (A) by striking ``January 1, 2022'' and inserting 
                ``January 1, 2032'', and
                    (B) by striking ``January 1, 2024'' and inserting 
                ``January 1, 2034''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. EXTENSION OF CREDITS WITH RESPECT TO QUALIFIED SOLAR ELECTRIC 
              PROPERTY AND QUALIFIED SOLAR WATER HEATING PROPERTY.

    (a) In General.--Section 25D(h) of the Internal Revenue Code of 
1986 is amended by inserting ``(December 31, 2031, in the case of any 
qualified solar electric property expenditures and qualified solar 
water heating property expenditures)'' before the period at the end.
    (b) Applicable Percentage.--Section 25D(g) of such Code is amended 
to read as follows:
    ``(g) Applicable Percentage.--
            ``(1) In general.--Except as provided in paragraph (2), for 
        purposes of subsection (a), the applicable percentage shall 
        be--
                    ``(A) in the case of property placed in service 
                after December 31, 2016, and before January 1, 2020, 30 
                percent,
                    ``(B) in the case of property placed in service 
                during 2020, 26 percent, and
                    ``(C) in the case of property placed in service 
                during 2021, 22 percent.
            ``(2) Qualified solar electric property expenditures and 
        qualified solar water heating property expenditures.--In the 
        case of any qualified solar electric property expenditures or 
        qualified solar water heating property expenditures, for 
        purposes of paragraphs (1) and (2) of subsection (a), the 
        applicable percentage shall be--
                    ``(A) in the case of property placed in service 
                after December 31, 2016, and before January 1, 2030, 30 
                percent,
                    ``(B) in the case of property placed in service 
                during 2030, 26 percent, and
                    ``(C) in the case of property placed in service 
                during 2031, 22 percent.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
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