S 2059
113th Congress
Senate
Taxation
Energy prices
Income tax credits
Lighting, heating, cooling
Oil and gas
Residential rehabilitation and home repair
Rural conditions and development
Energy Efficient Heating and Cooling Tax Credit Act
Introduced: February 27, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2014
Read twice and referred to the Committee on Finance.
Feb 27, 2014
Introduced in Senate
Plain-English summary
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).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1