Renewable Energy Extension Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 3961 To amend the Internal Revenue Code of 1986 to provide for an extension of the energy credit and the credit for residential energy efficient property. IN THE HOUSE OF REPRESENTATIVES JULY 25, 2019 Mr. THOMPSON of California (for himself, Mr. COOK, Mr. FITZPATRICK, Mr. PASCRELL, Ms. NORTON, Mr. SUOZZI, Ms. DELBENE, Mrs. MURPHY, Mr. LARSON of Connecticut, Ms. BROWNLEY of California, Mr. PANETTA, Mr. AMODEI, Ms. MATSUI, Ms. ESHOO, Mr. LOWENTHAL, Mr. HUFFMAN, Mr. BLUMENAUER, Mr. GOMEZ, Mr. TONKO, Mr. HIGGINS of New York, Mr. DANNY K. DAVIS of Illinois, Ms. SHALALA, Ms. GABBARD, Mr. BEYER, and Ms. JUDY CHU of California) 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 provide for an extension of the energy credit and the credit for residential energy efficient property. 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 ‘‘Renewable Energy Ex- 4 tension Act of 2019’’. 5 VerDate Sep 11 2014 23:43 Aug 03, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3961.IH H3961 kjohnson on DSK79L0C42 with BILLS 2 •HR 3961 IH SEC. 2. EXTENSION AND PHASEOUT OF ENERGY CREDIT. 1 (a) EXTENSIONS.—Section 48 of the Internal Rev- 2 enue Code of 1986 is amended— 3 (1) in subsection (a)— 4 (A) in paragraph (2)(A)(i)(II), by striking 5 ‘‘January 1, 2022’’ and inserting ‘‘January 1, 6 2027’’, and 7 (B) in paragraph (3)(A)— 8 (i) in clause (ii), by striking ‘‘January 9 1, 2022’’ and inserting ‘‘January 1, 10 2027’’, and 11 (ii) in clause (vii), by striking ‘‘Janu- 12 ary 1, 2022’’ and inserting ‘‘January 1, 13 2027’’, and 14 (2) in subsection (c)— 15 (A) in paragraph (1)(D), by striking ‘‘Jan- 16 uary 1, 2022’’ and inserting ‘‘January 1, 17 2027’’, 18 (B) in paragraph (2)(D), by striking ‘‘Jan- 19 uary 1, 2022’’ and inserting ‘‘January 1, 20 2027’’, 21 (C) in paragraph (3)(A)(iv), by striking 22 ‘‘January 1, 2022’’ and inserting ‘‘January 1, 23 2027’’, and 24 VerDate Sep 11 2014 23:43 Aug 03, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3961.IH H3961 kjohnson on DSK79L0C42 with BILLS 3 •HR 3961 IH (D) in paragraph (4)(C), by striking ‘‘Jan- 1 uary 1, 2022’’ and inserting ‘‘January 1, 2 2027’’. 3 (b) PHASEOUTS.— 4 (1) SOLAR ENERGY PROPERTY.—Section 5 48(a)(6) of the Internal Revenue Code of 1986 is 6 amended— 7 (A) in subparagraph (A)— 8 (i) by striking ‘‘January 1, 2022, the 9 energy percentage’’ and inserting ‘‘Janu- 10 ary 1, 2027, the energy percentage’’, 11 (ii) in clause (i), by striking ‘‘after 12 December 31, 2019, and before January 1, 13 2021’’ and inserting ‘‘after December 31, 14 2024, and before January 1, 2026’’, and 15 (iii) in clause (ii), by striking ‘‘after 16 December 31, 2020, and before January 1, 17 2022’’ and inserting ‘‘after December 31, 18 2025, and before January 1, 2027’’, and 19 (B) in subparagraph (B), by striking ‘‘be- 20 gins before January 1, 2022, and which is not 21 placed in service before January 1, 2024’’ and 22 inserting ‘‘begins before January 1, 2027, and 23 which is not placed in service before January 1, 24 2029’’. 25 VerDate Sep 11 2014 23:43 Aug 03, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H3961.IH H3961 kjohnson on DSK79L0C42 with BILLS 4 •HR 3961 IH (2) FIBER-OPTIC SOLAR, QUALIFIED FUEL 1 CELL, AND QUALIFIED SMALL WIND ENERGY PROP- 2 ERTY.—Section 48(a)(7) of such Code is amended— 3 (A) in subparagraph (A)— 4 (i) in clause (i), by striking ‘‘after De- 5 cember 31, 2019, and before January 1, 6 2021’’ and inserting ‘‘after December 31, 7 2024, and before January 1, 2026’’, and 8 (ii) in clause (ii), by striking ‘‘after 9 December 31, 2020, and before January 1, 10 2022’’ and inserting ‘‘after December 31, 11 2025, and before January 1, 2027’’, and 12 (B) in subparagraph (B), by striking 13 ‘‘January 1, 2024’’ and inserting ‘‘January 1, 14 2029’’. 15 (c) EFFECTIVE DATE.—The amendments made by 16 this section shall take effect on January 1, 2020. 17 SEC. 3. EXTENSION AND PHASEOUT OF CREDIT FOR RESI- 18 DENTIAL ENERGY EFFICIENT PROPERTY. 19 (a) APPLICABLE PERCENTAGE.—Subsection (g) of 20 section 25D of the Internal Revenue Code of 1986 is 21 amended— 22 (1) in paragraph (1), by striking ‘‘January 1, 23 2020’’ and inserting ‘‘January 1, 2025’’, 24 VerDate Sep 11 2014 23:43 Aug 03, 2019 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H3961.IH H3961 kjohnson on DSK79L0C42 with BILLS 5 •HR 3961 IH (2) in paragraph (2), by striking ‘‘after Decem- 1 ber 31, 2019, and before January 1, 2021’’ and in- 2 serting ‘‘after December 31, 2024, and before Janu- 3 ary 1, 2026’’, and 4 (3) in paragraph (3), by striking ‘‘after Decem- 5 ber 31, 2020, and before January 1, 2022’’ and in- 6 serting ‘‘after December 31, 2025, and before Janu- 7 ary 1, 2027’’. 8 (b) TERMINATION.—Subsection (h) of section 25D of 9 such Code is amended by striking ‘‘December 31, 2021’’ 10 and inserting ‘‘December 31, 2026’’. 11 (c) EFFECTIVE DATE.—The amendments made by 12 this section shall apply to property placed in service after 13 December 31, 2019. 14 Æ VerDate Sep 11 2014 23:43 Aug 03, 2019 Jkt 089200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6301 E:\BILLS\H3961.IH H3961 kjohnson on DSK79L0C42 with BILLS