Electrochromic Glass Act of 2016

Bill: 114-s-3238
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2016-07-14
Policy area: Taxation
Subjects: Alternative and renewable resources

Business investment and capital

Electric power generation and transmission

Income tax credits

Lighting and heating

Lighting, heating, cooling
Latest action: action_date: 2016-07-14
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2016-07-14
action_desc: Introduced in Senate
text: <p><b>Electrochromic Glass Act of 2016 </b></p> <p>This bill amends the Internal Revenue Code to specify that the use of electrochromic glass qualifies for the tax credit for investment in energy property. (Electrochromic glass is able to switch from clear to dark using a switch, sensor, timer, or similar controls.) </p>

tv_txt: II 114th CONGRESS 2d Session S. 3238 IN THE SENATE OF THE UNITED STATES July 14, 2016 Mr. Markey (for himself and Mr. Wicker ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to ensure that electrochromic glass qualifies as energy property for purposes of the energy credit.

1. Short title This Act may be cited as the Electrochromic Glass Act of 2016 . 2. Inclusion of electrochromic glass as energy property (a) In general Clause (i) of section 48(a)(3)(A) of the Internal Revenue Code of 1986 is amended by inserting (including use of electrochromic glass) after a structure . (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.