Energy Efficient Buildings Act of 2006

Energy Efficient Buildings Act of 2006 - Amends the Internal Revenue Code to: (1) increase the allowable amount of the tax deduction for energy efficient commercial building costs; and (2) extend such deduction through 2010.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5809 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5809

 To amend the Internal Revenue Code of 1986 to increase and extend the 
            energy efficient commercial buildings deduction.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2006

  Ms. Hart (for herself and Mr. Baird) 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 increase and extend the 
            energy efficient commercial buildings deduction.

    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 ``Energy Efficient Buildings Act of 
2006''.

SEC. 2. INCREASE AND EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS 
              DEDUCTION.

    (a) Increase in Amount of Deduction.--Section 179D of the Internal 
Revenue Code of 1986 (relating to energy efficient commercial buildings 
deduction) is amended--
            (1) in subsection (b)(1)(A) by striking ``$1.80'' and 
        inserting ``$2.25'', and
            (2) in subsection (d)(1)(A) by striking ``$.60 for $1.80'' 
        and inserting ``$.75 for $2.25''.
    (b) Extension.--Subsection (h) of section 179D of such Code 
(relating to termination) is amended by striking ``December 31, 2007'' 
and inserting ``December 31, 2010''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service in taxable years beginning after 
December 31, 2006.
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