Incentivize Energy-Saving Improvements Act

I 116TH CONGRESS 2D SESSION H. R. 8547 To make permanent the tax deduction for energy efficient commercial buildings. IN THE HOUSE OF REPRESENTATIVES OCTOBER 6, 2020 Mr. WILLIAMS introduced the following bill; which was referred to the Committee on Ways and Means A BILL To make permanent the tax deduction for energy efficient commercial buildings. 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 ‘‘Incentivize Energy- 4 Saving Improvements Act’’. 5 SEC. 2. TAX DEDUCTION FOR ENERGY EFFICIENT COMMER- 6 CIAL BUILDINGS MADE PERMANENT. 7 (a) IN GENERAL.—Section 179D of the Internal Rev- 8 enue Code of 1986 is amended by striking subsection (h). 9 VerDate Sep 11 2014 00:36 Oct 30, 2020 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H8547.IH H8547 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 8547 IH (b) EFFECTIVE DATE.—The amendment made by 1 this section shall apply to taxable years beginning after 2 December 31, 2020. 3 Æ VerDate Sep 11 2014 00:36 Oct 30, 2020 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H8547.IH H8547 pbinns on DSKJLVW7X2PROD with BILLS