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Bill > HR4506


US HR4506

US HR4506
Home Energy Savings Act


summary

Introduced
09/26/2019
In Committee
09/26/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property. This bill reinstates and extends the tax credit for nonbusiness energy property through 2019. It also increases the rate of such credit from 10% to 15% and the amount of its lifetime limitation. The bill revises limitations on such credit relating to insulation material, windows, and the Energy Star program.

AI Summary

This bill reinstates and extends the tax credit for nonbusiness energy property through 2019. It increases the rate of such credit from 10% to 15% and the amount of its lifetime limitation. The bill revises limitations on such credit relating to insulation material, windows, and the Energy Star program. It also updates the standards for eligible water heaters, furnaces, and other residential energy property.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Referred to the House Committee on Ways and Means. (on 09/26/2019)

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