[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 615 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 615

 To amend the Internal Revenue Code of 1986 to establish a refundable 
tax credit for individuals for amounts paid for gas and electricity for 
                          primary residences.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 22, 2025

Mr. Gottheimer 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 establish a refundable 
tax credit for individuals for amounts paid for gas and electricity for 
                          primary residences.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ELECTRICITY AND GAS CREDIT.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 36B the following new section:

``SEC. 36D. ELECTRICITY AND GAS CREDIT.

    ``(a) Allowance of Credit.--In the case of an individual, there 
shall be allowed as a credit against the tax imposed by this subtitle 
an amount equal to so much of the qualified energy costs of such 
individual as do not exceed $350 for the taxable year.
    ``(b) Qualified Energy Costs.--
            ``(1) In general.--For purposes of this section, the term 
        `qualified energy costs' means amounts paid or incurred by the 
        individual--
                    ``(A) to a utility for gas and electric service at 
                the principal residence of such individual, or
                    ``(B) to a person from whom such individual leases 
                such individual's primary residence for gas and 
                electric service from a utility if such costs are 
                included in the rent of such individual.
            ``(2) Utility.--For purposes of this subsection, the term 
        `utility' has the meaning given such term in section 
        48(a)(8)(D).
    ``(c) Principal Residence.--For purposes of this section, the term 
`principal residence' has the same meaning as when used in section 121.
    ``(d) Income Limitation.--
            ``(1) In general.--In the case of any individual whose 
        modified adjusted gross income for the taxable year exceeds the 
        following amounts, the amount of the credit determined under 
        subsection (a) shall be zero.
                    ``(A) In the case of a joint return, $400,000.
                    ``(B) In the case of any other individual, 
                $200,000.
            ``(2) Modified adjusted gross income.--For purposes of 
        paragraph (1), the term `modified adjusted gross income' means 
        the adjusted gross income of the taxpayer for the taxable year 
        increased by any amount excluded from gross income under 
        section 911, 931, or 933.
    ``(e) Denial of Double Benefit.--No credit shall be allowed under 
subsection (a) for any expense for which a deduction or credit is 
allowed under any other provision of this chapter.
    ``(f) Denial of Credit to Dependents.--No credit shall be allowed 
under this section to any individual with respect to whom a deduction 
under section 151 is allowable to another taxpayer for a taxable year 
beginning in the calendar year in which such individual's taxable year 
begins.
    ``(g) Reporting.--In the case of any person who leases the 
principal residence of another individual to such individual and 
includes the cost of electricity or gas in rent paid under such lease, 
such person shall provide to the Secretary and to the individual, not 
later than January 31st of each calendar year, a receipt for the 
portion of the rent for the preceding calendar year properly 
attributable to such individual's electric and gas service for such 
preceding calendar year.''.
    (b) Conforming Amendments.--
            (1) Section 6211(b)(4)(A) of the Internal Revenue Code of 
        1986 is amended by inserting ``, 36D'' after ``36B''.
            (2) Section 1324(b)(2) of title 31, United States Code, is 
        amended by inserting ``, 36D'' after ``, 36B''.
            (3) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of the Internal Revenue Code of 1986 
        is amended by inserting after the item relating to section 36B 
        the following new item:

``Sec. 36D. Electricity and gas credit.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act.
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