[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3140 Introduced in Senate (IS)]
<DOC>
117th CONGRESS
1st Session
S. 3140
To amend the Internal Revenue Code of 1986 to make the credit for
residential energy efficient property refundable, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 2, 2021
Mr. Ossoff (for himself, Mr. Booker, Mr. Sanders, Ms. Duckworth, Mrs.
Feinstein, Mr. Padilla, Mr. Schatz, Mr. Bennet, Ms. Warren, Ms. Smith,
Ms. Hirono, Mr. Merkley, Mr. Markey, Mr. Warnock, and Mr. Van Hollen)
introduced the following bill; which was read twice and referred to the
Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to make the credit for
residential energy efficient property refundable, 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 ``Clean Energy for All Homes Act''.
SEC. 2. REFUNDABILITY OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT
PROPERTY.
(a) Credit Made Refundable; Installer Requirements.--Section 25D of
the Internal Revenue Code of 1986 is amended by redesignating
subsection (h) as subsection (j) and by inserting after subsection (g)
the following new subsections:
``(h) Credit Made Refundable for Taxable Years After 2022.--In the
case of any taxable year beginning after December 31, 2022, the credit
allowed under subsection (a) shall be treated as a credit allowed under
subpart C (and not allowed under this subpart).
``(i) Requirement for Qualified Installer.--
``(1) In general.--No credit shall be allowed under
subsection (a) with respect to any expenditure for property
described in subsection (d) which is placed in service after
December 31, 2022, unless--
``(A) such property is installed by a qualified
installer, and
``(B) the taxpayer includes the qualified
installation identification number described in
paragraph (3) on the return of tax for the taxable
year.
``(2) Qualified installer.--
``(A) In general.--For purposes of this subsection,
the term `qualified installer' means an installer who
enters into an agreement with the Secretary which
provides that such installer will, with respect to any
expenditure for property described in subsection (d) in
connection with a dwelling unit used as a residence by
the taxpayer--
``(i) provide the taxpayer with a qualified
installation identification number and a
written receipt of the purchase and
installation of such property in a manner
prescribed by the Secretary, and
``(ii) make periodic written reports to the
Secretary (in such manner as the Secretary may
provide) of qualified installation
identification numbers assigned by the
installer corresponding to such expenditures,
including such information as the Secretary may
require with respect to such expenditures.
``(B) Installer deemed to meet requirement.--For
purposes of subparagraph (A), to the extent provided by
the Secretary, an installer may be deemed to meet the
requirement under clause (ii) of such subparagraph on
the basis of information available to the Secretary
which the Secretary determines is reasonably reliable
for purposes of determining the amount of expenditures
described in subsection (a) made by a taxpayer in
connection with a dwelling unit used as a residence by
such taxpayer.
``(3) Qualified installation identification number.--For
purposes of this subsection, the term `qualified installation
identification number' means a unique identification number
with respect to expenditures described in subsection (a) in
connection with a dwelling unit used as a residence by the
taxpayer.
``(4) Registration.--The Secretary may require such
information or registration of a qualified installer as the
Secretary deems necessary or appropriate for purposes of
preventing duplication, fraud, or improper claims with respect
to expenditures described in subsection (a). Under regulations
or other guidance prescribed by the Secretary, the registration
of any person under this section may be denied, revoked, or
suspended if the Secretary determines that such denial,
revocation, or suspension is necessary to prevent duplication,
fraud, or improper claims with respect to expenditures
described in subsection (a).''.
(b) Conforming Amendment.--Section 6213(g)(2) of the Internal
Revenue Code of 1986 is amended--
(1) in subparagraph (P), by striking ``and'' at the end;
(2) in subparagraph (Q), by striking the period at the end
and inserting ``, and''; and
(3) by adding at the end the following:
``(R) an omission of a correct qualified
installation identification number required under
subsection (i)(1)(B) of section 25D (relating to credit
for residential energy efficient property) to be
included on a return.''.
(c) Effective Date.--The amendments made by this section shall
apply to expenditures made after December 31, 2022.
<all>