Dynamic Glass Act

Bill: 117-s-1609
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2021-05-13
Policy area: Taxation
Subjects: Alternative and renewable resources

Business investment and capital

Electric power generation and transmission

Income tax credits

Lighting, heating, cooling
Latest action: action_date: 2021-05-13
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2021-05-13
action_desc: Introduced in Senate
text: <p><strong>Dynamic Glass Act</strong></p> <p>This bill includes electrochromic glass as energy property for purposes of the 30% energy tax credit. The bill defines <i>electrochromic glass</i> as glass that uses electricity to change its light transmittance properties to heat or cool a structure, but only with respect to property whose construction begins before January 1, 2024.</p>

tv_txt: II 117th CONGRESS 1st Session S. 1609 IN THE SENATE OF THE UNITED STATES May 13, 2021 Mr. Markey (for himself, Mr. Wicker , and Mr. Bennet ) 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 Dynamic Glass Act . 2. Inclusion of electrochromic glass as energy property for purposes of the energy credit (a) In general Section 48(a) of the Internal Revenue Code of 1986 is amended— (1) in paragraph (2)(A)(i)— (A) in subclause (IV), by striking and at the end, and (B) by adding at the end the following: (VI) energy property described in paragraph (3)(A)(ix) but only with respect to property the construction of which begins before January 1, 2024, and , (2) in paragraph (3)(A)— (A) in clause (vii), by striking or at the end, (B) in clause (viii), by adding or at the end, and (C) by adding at the end the following: (ix) glass which uses electricity to change its light transmittance properties in order to heat or cool a structure, , and (3) in paragraph (6), by striking paragraph (3)(A)(i) each place it appears and inserting clause (i) or (ix) of paragraph (3)(A) . (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.