[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6398 Introduced in House (IH)]
112th CONGRESS
2d Session
H. R. 6398
To amend the Internal Revenue Code of 1986 to modify and extend the
credit for nonbusiness energy property.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 13, 2012
Mr. Gerlach (for himself and Mr. Neal) introduced the following bill;
which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to modify and extend the
credit for nonbusiness energy property.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Home Energy Savings Act of 2012''.
SEC. 2. MODIFICATION AND EXTENSION OF CREDIT FOR NONBUSINESS ENERGY
PROPERTY.
(a) Credit Made Permanent.--Section 25C of the Internal Revenue
Code of 1986 is amended by striking subsection (g).
(b) Modification to Limitations.--Subsection (b) of section 25C of
the Internal Revenue Code of 1986 is amended--
(1) by striking ``$500'' in paragraph (1) and inserting
``$1,000'', and
(2) by striking paragraph (2) and redesignating paragraph
(3) as paragraph (2).
(c) Labor Costs Included in Credit.--Paragraph (1) of section
25C(c) of the Internal Revenue Code of 1986 is amended by adding at the
end the following flush sentence:
``Such term includes expenditures for labor costs properly
allocable to the onsite preparation, assembly, or original
installation of the component.''.
(d) Roofs.--Section 25C(c) of the Internal Revenue Code of 1986 is
amended--
(1) in paragraph (1), by striking ``a metal roof with
appropriate pigmented coatings, or an asphalt roof with
appropriate cooling granules,'' and inserting ``or a roofing
product'', and
(2) in paragraph (2)(D), by striking ``any metal roof or
asphalt roof installed on a dwelling unit, but only if such
roof has appropriate pigmented coatings or cooling granules
which are'' and inserting ``any roofing product installed on a
dwelling unit, but only if such roofing product is''.
(e) Modifications to Residential Energy Property Expenditures.--
(1) Qualified natural gas, propane, or oil furnaces or hot
water boilers.--Paragraph (4) of section 25C(d) of the Internal
Revenue Code of 1986 is amended to read as follows:
``(4) Qualified natural gas, propane, or oil furnace or hot
water boiler.--The term `qualified natural gas, propane, or oil
furnace or hot water boiler' means--
``(A) a natural gas or propane furnace which
achieves an annual fuel utilization efficiency rate of
not less than 95,
``(B) a natural gas or propane hot water boiler
which achieves an annual fuel utilization efficiency
rate of not less than 90,
``(C) an oil furnace or hot water boiler which--
``(i) achieves an annual fuel utilization
efficiency rate of not less than 86, and
``(ii)(I) in the case of a hot water
boiler, is installed with temperature reset or
thermal purge controls and an indirect water
heater, and
``(II) in the case of a furnace, is
installed with an electronically commutated
blower motor.''.
(2) Water heaters.--
(A) In general.--Paragraph (3) of section 25C(d) of
the Internal Revenue Code of 1986 is amended--
(i) by striking ``electric heat pump water
heater'' in subparagraph (A) and inserting
``integrated heat pump water heater'',
(ii) by striking ``a natural gas, propane,
or oil water heater'' in subparagraph (D) and
inserting ``an oil water heater'', and
(iii) by redesignating subparagraph (E) as
subparagraph (G) and inserting after
subparagraph (D) the following new
subparagraphs:
``(E) a natural gas or propane storage water heater
with an energy factor of at least 0.67 or a thermal
efficiency of at least 90 percent,
``(F) a natural gas or propane tankless water
heater with an energy factor of at least 0.82 or a
thermal efficiency of at least 90 percent, and''.
(B) Limitation.--Paragraph (2) of section 25C(b) of
such Code, as redesignated by subsection (b), is
amended by striking subparagraphs (A) through (C) and
inserting the following:
``(A) $1,000 in the case of--
``(i) any water heater described in
subsection (d)(3)(A),
``(ii) any natural gas storage water heater
described in subsection (d)(3)(E) which--
``(I) has an energy factor of 0.80
or higher, or
``(II) has a thermal efficiency of
at least 90 percent, and
``(iii) any natural gas tankless water
heater described in subsection (d)(3)(F)
which--
``(I) has an energy factor of 0.90
or higher, or
``(II) has a thermal efficiency of
at least 90 percent, and
``(B) $500 in the case of--
``(i) any natural gas storage water heater
described in subsection (d)(3)(E) which has an
energy factor which is at least 0.67 and less
than 0.80, and
``(ii) any natural gas tankless water
heater described in subsection (d)(3)(F) which
has an energy factor which is at least 0.82 and
less than 0.90.''.
(f) Documentation Requirement.--Subsection (e) of section 25C of
the Internal Revenue Code of 1986 is amended by adding at the end the
following new paragraph:
``(4) Documentation.--
``(A) In general.--No credit shall be allowed under
subsection (a) for any amount paid or incurred for a
qualified energy efficiency improvement or for any
residential energy property expenditure unless the
taxpayer includes on the return of tax for the taxable
year the verifiable product identification number with
respect to--
``(i) in the case of a qualified energy
efficiency improvement, the component installed
in or on the taxpayer's dwelling unit, and
``(ii) in the case of a residential energy
property expenditure, the qualified energy
property.
``(B) Verifiable product identification number.--
For purposes of this paragraph, the term `verifiable
product identification number' means--
``(i) in the case of any insulation
material or system described in subsection
(c)(2)(A)--
``(I) if such material or system is
installed by a contractor, a signed and
dated statement from the contractor
describing the insulation installed,
including the thickness, coverage area,
R-value, and such other information
required by the Secretary, in
consultation with the Chairman of the
Federal Trade Commission, and
``(II) in any other case, such
information about the material or
system installed as the Secretary may
require,
``(ii) in the case of any exterior door,
exterior window, or skylight, the National
Fenestration Rating Council certified product
detail number or such other identification
number determined by the Secretary,
``(iii) in the case of any roof described
in subsection (c)(2)(C), the Cool Roof Rating
Council rated roofing product identification
number or such other identification number
determined by the Secretary, and
``(iv) in the case of any qualified energy
property, the Air-Conditioning Heating and
Refrigeration Institute certified reference
number or such other identification number used
for heating, air conditioning, ventilation, or
water heating equipment as determined by the
Secretary.''.
(g) Effective Dates.--
(1) In general.--Except as provided by paragraph (2), the
amendments made by this section shall apply to property placed
in service after December 31, 2013.
(2) Permanent extension.--The amendment made by subsection
(a) shall apply to property placed in service after December
31, 2011.
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