US SB1197 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes a tax credit for contractors that construct new all-electric homes. The credit applies to new homes that are constructed by the contractor, are acquired by a person from the contractor for use as a residence during the year, have appliances and mechanical systems that are powered solely by electricity, do not have a gas line or gas service, and meet specified energy efficiency standards. For a single-family residence, the credit is equal to $5,000. For a multi-family residence, the credit is equal to $1,750, multiplied by the total number of residential units.
Title
All-Electric Homes Act of 2019
Sponsors
Sen. Edward Markey [D-MA] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2019-04-11 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Building construction
Electric power generation and transmission
Energy efficiency and conservation
Income tax credits
Residential rehabilitation and home repair
Taxation
Electric power generation and transmission
Energy efficiency and conservation
Income tax credits
Residential rehabilitation and home repair
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1197/all-info |
Text | https://www.congress.gov/116/bills/s1197/BILLS-116s1197is.pdf |