US Congress Senate Bill 2059 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 27 2014 - 25% progression, died in committee
Action: 2014-02-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Energy Efficient Heating and Cooling Tax Credit Act - Amends the Internal Revenue Code to expand the tax credit for nonbusiness energy property expenditures to allow a credit for up to $5,000 in a taxable year of qualifying heating conversion expenditures for a principal residence. Defines "qualifying heating conversion expenditures" as expenditures, other than for soil cleanup, for property that is placed in service before January 1, 2019, and used as a heating or cooling system on a building or structure located in a community in which the average residential expenditure for home energy is more than 200% of the national average (as determined by the Energy Information Agency).

Energy Efficient Heating and Cooling Tax Credit Act

Sen. Mark Begich [D-AK]

Sen. Angus King [I-ME]

Date	Chamber	Action
2014-02-27	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2059/all-info
Text	https://www.congress.gov/113/bills/s2059/BILLS-113s2059is.pdf