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Bill > S2588


US S2588

US S2588
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

A bill 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 credit rate from 10% to 15% and the lifetime limitation amount. The bill also revises limitations on the credit relating to insulation material, windows, doors, and the Energy Star program. Additionally, it includes new provisions regarding installation standards and the replacement of terminated energy efficiency standards.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (on 09/26/2019)

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