US HB6915 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 26 2018 - 25% progression
Action: 2018-09-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Building Efficiently Act of 2018 This bill amends the Internal Revenue Code to expand the new energy efficient home tax credit to allow, in lieu of the existing credit, a credit for 3.3% of the cost of constructing a new energy efficient home that is a qualified energy efficient residential rental property. An energy efficient residential rental property must be certified as being constructed, reconstructed, or retrofitted under a plan designed to reduce energy and power consumption of the building by at least 40% compared to: (1) the baseline annual energy and power consumption of the building in the case of a retrofit made to an existing building, or (2) a reference building which meets the minimum requirements of the International Energy Conservation Code 2004 in any other case. The bill also eliminates the basis reduction requirements for low-income housing properties receiving: (1) the new energy efficient home credit, (2) the energy efficient commercial buildings deduction, or (3) the credit for investments in energy property.

Tracking Information

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Title

Building Efficiently Act of 2018

Sponsors


History

DateChamberAction
2018-09-26HouseReferred to the House Committee on Ways and Means.
2018-09-26HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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