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HR 8930 116th Congress House Taxation Building construction Congressional oversight Energy efficiency and conservation Lighting, heating, cooling Performance measurement

E–QUIP Act

Introduced: December 9, 2020 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 9, 2020
Referred to the House Committee on Ways and Means.
Dec 9, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Energy Efficient Qualified Improvement Property Act of 2020 or the E-QUIP Act

This bill allow straight line depreciation over a 10-year period of energy efficient qualified improvement property. The bill defines energy efficient qualified improvement property as any improvement to a building that is nonresidential real property, or multifamily residential rental property, first placed in service more than 10 year before the enactment of this bill, and that is installed as part of the lighting system, the heating, cooling, ventilation, or hot water systems, or the building envelope. The improvement must meet specified performance and other requirements.

What's happening now December 9, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1