[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1557 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 1557

 To amend the Internal Revenue Code of 1986 to extend certain credits 
                        related to solar energy.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 2021

  Mr. Crist 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 extend certain credits 
                        related to solar energy.

    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 ``Sunshine Forever Act''.

SEC. 2. EXTENSION OF SOLAR ENERGY CREDIT.

    (a) In General.--Section 48(a)(2)(A)(i)(II) of the Internal Revenue 
Code of 1986 is amended by striking ``January 1, 2024'' and inserting 
``January 1, 2035''.
    (b) Repeal of Phaseout.--Section 48(a) of such Code is amended by 
striking paragraph (6).
    (c) Effective Date.--The amendments made by this section shall 
apply to property the construction of which begins after December 31, 
2020.

SEC. 3. EXTENSION OF CREDITS WITH RESPECT TO QUALIFIED SOLAR ELECTRIC 
              PROPERTY AND QUALIFIED SOLAR WATER HEATING PROPERTY.

    (a) In General.--Section 25D(h) of the Internal Revenue Code of 
1986 is amended by inserting ``(December 31, 2034, in the case of any 
qualified solar electric property expenditures and qualified solar 
water heating property expenditures)'' before the period at the end.
    (b) Phaseout Not Applicable.--Section 25D(g) of such Code is 
amended by inserting ``in the case of any expenditure other than any 
qualified solar electric property expenditure or qualified solar water 
heating property expenditure,'' after ``For purposes of subsection 
(a),''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2020.
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