New Home Energy Efficiency Act of 2021

Bill: 117-hr-5188
Sponsor: full_name: Rep. Gomez, Jimmy [D-CA-34]
Introduced: 2021-09-07
Policy area: Taxation
Latest action: action_date: 2021-09-07
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-09-07
action_desc: Introduced in House
text: <p><strong>New Home Energy Efficiency Act of 2021</strong></p> <p>This bill extends the new energy efficient home credit through 2031 and revises requirements for the credit, including increasing the credit amount and modifying energy savings requirements.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 5188 IN THE HOUSE OF REPRESENTATIVES September 7, 2021 Mr. Gomez 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 new energy efficient home credit, and for other purposes.

1. Short title This Act may be cited as the New Home Energy Efficiency Act of 2021 . 2. Extension, increase, and modifications of new energy efficient home credit (a) Extension of credit Section 45L(g) is amended by striking December 31, 2021 and inserting December 31, 2031 . (b) Increase in credit amounts Section 45L(a)(2) is amended to read as follows: (2) Applicable amount For purposes of paragraph (1), the applicable amount is an amount equal to— (A) in the case of a dwelling unit described in subsection (c)(1)(A) (and not described in subsection (c)(1)(B)), $2,500, and (B) in the case of a dwelling unit described in subsection (c)(1)(B), $5000. . (c) Modification of energy saving requirements Section 45L(c) is amended to read as follows: (c) Energy saving requirements (1) In general A dwelling unit meets the energy saving requirements of this subsection if— (A) such dwelling unit meets the requirements of paragraph (2) or (3) (whichever is applicable), or (B) such dwelling unit is certified as a zero energy ready home under the zero energy ready home program of the Department of Energy (or any successor program determined by the Secretary) as in effect as of the beginning of the calendar year in which construction of the dwelling unit begins. (2) Single-family home requirements A dwelling unit meets the requirements of this paragraph if— (A) such dwelling unit meets— (i) in the case of a dwelling unit construction of which begins before January 1, 2024, the Energy Star Single-Family New Homes National Program Requirements 3.1, and (ii) in the case of a dwelling unit construction of which begins after December 31, 2023, the Energy Star Single-Family New Homes National Program Requirements 3.2, and (B) such dwelling unit meets the most recent Energy Star Single-Family New Homes Program Requirements applicable to the location of such dwelling unit (determined as of the beginning of the calendar year in which construction of such dwelling unit begins). (3) Multi-family home requirements A dwelling unit meets the requirements of this paragraph if— (A) such dwelling unit meets the most recent Energy Star Multifamily New Construction National Program Requirements (determined as of the beginning of the calendar year in which construction of such dwelling unit begins), and (B) such dwelling unit meets the most recent Energy Star Multifamily New Construction Regional Program Requirements applicable to the location of such dwelling unit (as so determined). . (d) Effective dates The amendments made by this section shall apply to dwelling units acquired after December 31, 2021.