Sunshine Forever Act

I 116TH CONGRESS 1ST SESSION H. R. 2356 To amend the Internal Revenue Code of 1986 to extend certain credits related to solar energy. IN THE HOUSE OF REPRESENTATIVES APRIL 25, 2019 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Sunshine Forever 4 Act’’. 5 SEC. 2. EXTENSION OF SOLAR ENERGY CREDIT. 6 (a) IN GENERAL.—Section 48(a)(2)(A)(i)(II) of the 7 Internal Revenue Code of 1986 is amended by striking 8 ‘‘January 1, 2022’’ and inserting ‘‘January 1, 2032’’. 9 VerDate Sep 11 2014 23:27 Apr 25, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2356.IH H2356 kjohnson on DSK79L0C42 with BILLS 2 •HR 2356 IH (b) EXTENSION OF PHASEOUT.—Section 48(a)(6) of 1 such Code is amended— 2 (1) in subparagraph (A)— 3 (A) by striking ‘‘January 1, 2022’’ in the 4 matter preceding clause (i) and inserting ‘‘Jan- 5 uary 1, 2032’’, 6 (B) by striking ‘‘after December 31, 2019, 7 and before January 1, 2021’’ in clause (i) and 8 inserting ‘‘during 2030’’, and 9 (C) by striking ‘‘after December 31, 2020, 10 and before January 1, 2022’’ in clause (ii) and 11 inserting ‘‘during 2031’’, and 12 (2) in subparagraph (B)— 13 (A) by striking ‘‘January 1, 2022’’ and in- 14 serting ‘‘January 1, 2032’’, and 15 (B) by striking ‘‘January 1, 2024’’ and in- 16 serting ‘‘January 1, 2034’’. 17 (c) EFFECTIVE DATE.—The amendments made by 18 this section shall take effect on the date of the enactment 19 of this Act. 20 VerDate Sep 11 2014 23:27 Apr 25, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2356.IH H2356 kjohnson on DSK79L0C42 with BILLS 3 •HR 2356 IH SEC. 3. EXTENSION OF CREDITS WITH RESPECT TO QUALI- 1 FIED SOLAR ELECTRIC PROPERTY AND 2 QUALIFIED SOLAR WATER HEATING PROP- 3 ERTY. 4 (a) IN GENERAL.—Section 25D(h) of the Internal 5 Revenue Code of 1986 is amended by inserting ‘‘(Decem- 6 ber 31, 2031, in the case of any qualified solar electric 7 property expenditures and qualified solar water heating 8 property expenditures)’’ before the period at the end. 9 (b) APPLICABLE PERCENTAGE.—Section 25D(g) of 10 such Code is amended to read as follows: 11 ‘‘(g) APPLICABLE PERCENTAGE.— 12 ‘‘(1) IN GENERAL.—Except as provided in para- 13 graph (2), for purposes of subsection (a), the appli- 14 cable percentage shall be— 15 ‘‘(A) in the case of property placed in serv- 16 ice after December 31, 2016, and before Janu- 17 ary 1, 2020, 30 percent, 18 ‘‘(B) in the case of property placed in serv- 19 ice during 2020, 26 percent, and 20 ‘‘(C) in the case of property placed in serv- 21 ice during 2021, 22 percent. 22 ‘‘(2) QUALIFIED SOLAR ELECTRIC PROPERTY 23 EXPENDITURES AND QUALIFIED SOLAR WATER 24 HEATING PROPERTY EXPENDITURES.—In the case of 25 any qualified solar electric property expenditures or 26 VerDate Sep 11 2014 23:27 Apr 25, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H2356.IH H2356 kjohnson on DSK79L0C42 with BILLS 4 •HR 2356 IH qualified solar water heating property expenditures, 1 for purposes of paragraphs (1) and (2) of subsection 2 (a), the applicable percentage shall be— 3 ‘‘(A) in the case of property placed in serv- 4 ice after December 31, 2016, and before Janu- 5 ary 1, 2030, 30 percent, 6 ‘‘(B) in the case of property placed in serv- 7 ice during 2030, 26 percent, and 8 ‘‘(C) in the case of property placed in serv- 9 ice during 2031, 22 percent.’’. 10 (c) EFFECTIVE DATE.—The amendments made by 11 this section shall take effect on the date of the enactment 12 of this Act. 13 Æ VerDate Sep 11 2014 23:27 Apr 25, 2019 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H2356.IH H2356 kjohnson on DSK79L0C42 with BILLS