Residential Solar Opportunity Act of 2021

Bill: 117-hr-4852
Sponsor: full_name: Rep. Sánchez, Linda T. [D-CA-38]
Introduced: 2021-07-29
Policy area: Taxation
Latest action: action_date: 2021-07-29
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-07-29
action_desc: Introduced in House
text: <p><strong>Residential Solar Opportunity Act of 2021</strong></p> <p>This bill modifies the rate of the residential energy efficient property tax credit and makes such credit permanent.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 4852 IN THE HOUSE OF REPRESENTATIVES July 29, 2021 Ms. Sánchez (for herself, Ms. Sewell , and 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 make the credit for a residential energy efficient property permanent.

1. Short title This Act may be cited as the Residential Solar Opportunity Act of 2021 . 2. Making the credit for a residential energy efficient property permanent (a) Adjustment of applicable percentage Section 25D(g) of the Internal Revenue Code of 1986 is amended to read as follows: (g) Applicable percentage For purposes of subsection (a), the applicable percentage shall be— (1) in the case of property placed in service after December 31, 2016, and before January 1, 2027, 30 percent, (2) in the case of property placed in service after December 31, 2026, and before January 1, 2028, 26 percent, (3) in the case of property placed in service after December 31, 2027, and before January 1, 2029, 22 percent, and (4) in the case of property placed in service after December 31, 2028, 10 percent. . (b) Repeal of termination date Section 25D of such Code is amended by striking subsection (h).