S. 1609 - Dynamic Glass Act

117TH CONGRESS
1ST SESSION

S. 1609

To amend the Internal Revenue Code of 1986 to ensure that electrochromic
 glass qualifies as energy property for purposes of the energy credit.

IN THE SENATE OF THE UNITED STATES

Mr. MARKEY (for himself, Mr. WICKER, and Mr. BENNET) 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 ensure that electrochromic glass qualifies as energy property for purposes of the energy credit.

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 "Dynamic Glass Act".

SEC. 2. INCLUSION OF ELECTROCHROMIC GLASS AS ENERGY PROPERTY FOR PURPOSES OF THE ENERGY CREDIT.

(a) IN GENERAL. — Section 48(a) of the Internal Revenue Code of 1986 is amended —

(1) in paragraph (2)(A)(i) — 

(A) in subclause (IV), by striking "and" at the end, and

(B) by adding at the end the following:

"(VI) energy property described in paragraph (3)(A)(ix) but only with respect to property the construction of which begins before January 1, 2024, and",

(2) in paragraph (3)(A) — 

(A) in clause (vii), by striking "or" at the end,

(B) in clause (viii), by adding "or" at the end, and

(C) by adding at the end the following:

"(ix) glass which uses electricity to change its light transmittance properties in order to heat or cool a structure,", and 

(3) in paragraph (6), by striking "paragraph (3)(A)(i)" each place it appears and inserting "clause (i) or (ix) of paragraph (3)(A)".

(b) EFFECTIVE DATE. — The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.