US Congress House Bill 4740 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 22 2014 - 25% progression, died in committee
Action: 2014-05-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Roofing Efficiency Jobs Act of 2014 - Amends the Internal Revenue Code to classify any qualified energy-efficient cool roof replacement property as 20-year property for depreciation purposes. Defines "qualified energy-efficient cool roof replacement property" as any roof system that: (1) is placed in service above conditioned or semiheated space on an eligible commercial building, (2) replaces an existing roof system, (3) is a low-slope roof, and (4) includes insulation meeting specified standards and a primary roof covering that has a cool roof surface. Requires the adjustment for depreciation to the earnings and profits of a real estate investment trust for any taxable year, in the case of such property, to be determined under the alternative depreciation method, except that the recovery period shall be 20 years.

Roofing Efficiency Jobs Act of 2014

Rep. Tom Reed [R-NY]	Rep. Mark Amodei [R-NV]	Rep. Earl Blumenauer [D-OR]	Rep. Charles Boustany [R-LA]
Rep. Michael Capuano [D-MA]	Rep. Mike Coffman [R-CO]	Rep. Chris Collins [R-NY]	Sen. Cory Gardner [R-CO]
Rep. Brett Guthrie [R-KY]	Rep. Richard Hanna [R-NY]	Rep. Bill Johnson [R-OH]	Rep. Ron Kind [D-WI]
Rep. John Kline [R-MN]	Rep. John Larson [D-CT]	Rep. Blaine Luetkemeyer [R-MO]	Rep. Kenny Marchant [R-TX]
Rep. Jim McDermott [D-WA]	Rep. David McKinley [R-WV]	Rep. Devin Nunes [R-CA]	Rep. Bill Pascrell [D-NJ]
Sen. Gary Peters [D-MI]	Rep. Joseph Pitts [R-PA]	Rep. Charles Rangel [D-NY]	Rep. Reid Ribble [R-WI]
Rep. David Roe [R-TN]	Rep. Tim Ryan [D-OH]	Rep. Linda Sanchez [D-CA]	Rep. Aaron Schock [R-IL]
Rep. Eric Swalwell [D-CA]	Rep. Mike Thompson [D-CA]	Rep. Patrick Tiberi [R-OH]	Rep. Paul Tonko [D-NY]
Rep. Nydia Velazquez [D-NY]	Sen. Peter Welch [D-VT]	Sen. Todd Young [R-IN]

Date	Chamber	Action
2014-05-22	House	Referred to the House Committee on Ways and Means.

SB2388 (Related) 2014-05-22 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4740/all-info
Text	https://www.congress.gov/113/bills/hr4740/BILLS-113hr4740ih.pdf