summary
Introduced
11/19/2019
11/19/2019
In Committee
11/19/2019
11/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to modify the energy efficient commercial buildings deduction. This bill reinstates and extends that tax deduction for energy efficient commercial buildings through 2024. It also increases the maximum allowable amount of such deduction. The bill modifies American Society of Heating, Refrigerating and Air-Conditioning Engineer (ASHRAE) standards and other efficiency standards for commercial buildings.
AI Summary
This bill reinstates and extends the tax deduction for energy efficient commercial buildings through 2024. It also increases the maximum allowable amount of such deduction from $1.80 to $3 per square foot and adjusts the deduction limit to apply only for the 3 years immediately preceding the taxable year. The bill updates the applicable energy efficiency standards to the most recent version of ASHRAE Standard 90.1 and modifies the California Nonresidential Alternative Calculation Method Approval Manual standards. Additionally, the bill allows state and local governments to receive a 10% payment against their tax liability for energy efficient commercial building property they place into service.
Committee Categories
Budget and Finance
Sponsors (11)
Earl Blumenauer (D)*,
Don Beyer (D),
Danny Davis (D),
Lloyd Doggett (D),
Dwight Evans (D),
Steven Horsford (D),
Gwen Moore (D),
Jimmy Panetta (D),
Linda Sánchez (D),
Brad Schneider (D),
Tom Suozzi (D),
Last Action
Referred to the House Committee on Ways and Means. (on 11/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5160/all-info |
| BillText | https://www.congress.gov/116/bills/hr5160/BILLS-116hr5160ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5160/BILLS-116hr5160ih.pdf.pdf |
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