S. 1848 - Dynamic Glass Act
S. 1848; Dynamic Glass Act
- AuthorsWicker, Sen. Roger F.
- Institutional AuthorsU.S. Senate
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsEnergy
- Jurisdictions
- Tax Analysts Document Number2019-24759
- Tax Analysts Electronic Citation2019 TNTF 123-40
116TH CONGRESS
1ST SESSION
S. 1848
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
JUNE 13, 2019
Mr. WICKER (for himself and Mr. MARKEY) 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.
(a) IN GENERAL. — Section 48(a) of the Internal Revenue Code of 1986 is amended —
(1) in paragraph (2)(A)(i) —
(A) in subclause (III), by striking "and" at the end, and
(B) by adding at the end the following:
"(V) energy property described in paragraph (3)(A)(viii) but only with respect to property the construction of which begins before January 1, 2022, and",
(2) in paragraph (3)(A) —
(A) in clause (vi), by striking "or" at the end,
(B) in clause (vii), by adding "or" at the end, and
(C) by adding at the end the following:
"(viii) 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 (viii) of paragraph (3)(A)".
(b) EFFECTIVE DATE. — The amendments made by 22. this section shall apply to taxable years beginning after the date of the enactment of this Act.
- AuthorsWicker, Sen. Roger F.
- Institutional AuthorsU.S. Senate
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsEnergy
- Jurisdictions
- Tax Analysts Document Number2019-24759
- Tax Analysts Electronic Citation2019 TNTF 123-40