[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4922 Introduced in House (IH)]
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117th CONGRESS
1st Session
H. R. 4922
To amend the Internal Revenue Code of 1986 to expand the residential
energy efficient property credit and energy credit, and for other
purposes.
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IN THE HOUSE OF REPRESENTATIVES
August 3, 2021
Ms. Sherrill (for herself, Mr. Pascrell, Ms. Sewell, Ms. Titus, Mr. San
Nicolas, Mr. Grijalva, Ms. Barragan, and Mr. Gottheimer) introduced the
following bill; which was referred to the Committee on Ways and Means
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A BILL
To amend the Internal Revenue Code of 1986 to expand the residential
energy efficient property credit and energy credit, and for other
purposes.
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 ``Revamping Appropriate Incentives for
Solar Energy for the Roof Act'' or the ``RAISE the Roof Act''.
SEC. 2. CREDITS FOR INVESTMENT IN SOLAR ENERGY PROPERTY.
(a) Residential Energy Efficient Property.--Paragraph (2) of
section 25D(d) of the Internal Revenue Code of 1986 is amended to read
as follows:
``(2) Qualified solar electric property expenditure.--
``(A) In general.--The term `qualified solar
electric property expenditure' means an expenditure
for--
``(i) property which uses solar energy to
generate electricity for use in a dwelling unit
located in the United States and used as a
residence by the taxpayer,
``(ii) any new roof, including any such
roof which replaces an existing roof, which is
part of an integrated product, or
``(iii) the replacement of an existing roof
which is not part of an integrated product,
provided that--
``(I) property described in clause
(i) is installed,
``(II) replacement of such roof is
necessary for the installation of such
property, and
``(III) the installation of such
property is a primary purpose of the
replacement of such roof.
``(B) Integrated product.--For purposes of this
paragraph, the term `integrated product' means a solar
roofing system that combines property described in
subparagraph (A)(i) with roofing materials for the
primary purpose of generating electricity from solar
energy.''.
(b) Energy Credit.--Section 48 of the Internal Revenue Code of 1986
is amended--
(1) in subsection (a)--
(A) in paragraph (2)(A)(i)(II), by striking
``paragraph (3)(A)(i)'' and inserting ``clause (i),
(ix), or (x) of paragraph (3)(A)'', and
(B) in paragraph (3)(A)--
(i) in clause (vii), by striking ``or'' at
the end, and
(ii) by adding at the end the following new
clauses:
``(ix) a new roof of a structure, including
any such roof which replaces an existing roof,
which is part of an integrated product, or
``(x) property used with respect to the
repair or replacement of an existing roof of a
structure which is not part of an integrated
product, provided that--
``(I) property described in clause
(i) or (ii) is installed,
``(II) such repair or replacement
is necessary for the installation of
such property, and
``(III) the installation of such
property is a primary purpose of such
repair or replacement,'', and
(2) in subsection (c), by adding at the end the following
new paragraph:
``(6) Integrated design.--For purposes of this section, the
term `integrated design' means a solar roofing system that
combines property described in clause (i) or (ii) of subsection
(a)(3)(A) with roofing materials for the primary purpose of
generating electricity from solar energy.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2020.
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