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US HR4646

US HR4646
New Home Energy Efficiency Act


summary

Introduced
10/11/2019
In Committee
10/11/2019
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 new energy efficient home credit. This bill reinstates and extends the new home energy efficiency tax credit through 2022. It also increases to $2,500 in 2021 and through 2022, the amount of such credit for new homes meeting the revised energy efficiency standards set forth in the bill.

AI Summary

This bill reinstates and extends the new home energy efficiency tax credit through 2022. It increases the amount of the credit to $2,500 in 2021 and through 2022 for new homes meeting the revised energy efficiency standards set forth in the bill. The bill also updates the energy efficiency requirements, including requiring new homes to be at least 15% more energy-efficient than homes built to the 2018 International Energy Conservation Code standards.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Referred to the House Committee on Ways and Means. (on 10/11/2019)

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