New Energy for America Act

Bill: 114-hr-2412
Sponsor: full_name: Rep. Thompson, Mike [D-CA-5]
Introduced: 2015-05-19
Policy area: Taxation
Subjects: Alternative and renewable resources

Energy efficiency and conservation

Income tax credits

Lighting and heating

Lighting, heating, cooling

Residential rehabilitation and home repair
Latest action: action_date: 2015-05-19
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-05-19
action_desc: Introduced in House
text: <p><strong>New Energy for America Act</strong></p> <p>This bill amends the Internal Revenue Code to extend: (1) the tax credit for residential energy efficient property expenditures through calendar year 2021; and (2) the energy tax credit for energy property, including solar energy property, qualified fuel cell property, qualified microturbine property, combined heat and power system property, and thermal energy property, the construction of which begins before January 1, 2022. </p>

tv_txt: 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.