Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008

Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008 - Amends the Internal Revenue Code to extend through 2009 the tax credits for: (1) energy efficient appliances (i.e., dishwashers, clothes washers, and refrigerators that meet certain energy conservation standards); and (2) nonbusiness energy property expenditures.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5373 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5373

    To amend the Internal Revenue Code of 1986 to extend the energy 
 efficient appliance credit and the nonbusiness energy property credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 2008

 Mr. Boswell 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 extend the energy 
 efficient appliance credit and the nonbusiness energy property 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 ``Consumer and Manufacturer Energy 
Efficiency Tax Credit Extension Act of 2008''.

SEC. 2. EXTENSION OF ENERGY EFFICIENT APPLIANCE CREDIT.

    (a) In General.--
            (1) Extension of the credit to include appliances 
        manufactured in 2008 or 2009.--
                    (A) Extension of credit relating to dishwashers.--
                Section 45M(b)(1)(A) of the Internal Revenue Code of 
                1986 is amended--
                            (i) by striking ``2006 or 2007, and'' and 
                        inserting ``2006, 2007, 2008, or 2009,'',
                            (ii) in clause (ii)--
                                    (I) by inserting ``in the case of a 
                                dishwasher manufactured in 2006 or 
                                2007,'' before ``meets'', and
                                    (II) by striking the period at the 
                                end and inserting ``, and'', and
                            (iii) by adding at the end the following 
                        new clause:
                            ``(iii) in the case of a dishwasher 
                        manufactured in 2008 or 2009, meets the 
                        requirements of the Energy Star program which 
                        are in effect for dishwashers in 2008.''.
                    (B) Extension of credit relating to clothes 
                washers.--Section 45M(b)(1)(B) of such Code is 
                amended--
                            (i) by striking ``2006 or 2007, and'' and 
                        inserting ``2006, 2007, 2008, or 2009,'',
                            (ii) in clause (ii)--
                                    (I) by inserting ``in the case of a 
                                clothes washer manufactured in 2006 or 
                                2007,'' before ``meets'', and
                                    (II) by striking the period at the 
                                end and inserting ``, and'', and
                            (iii) by adding at the end the following 
                        new clause:
                            ``(iii) in the case of a clothes washer 
                        manufactured in 2008 or 2009, meets the 
                        requirements of the Energy Star program which 
                        are in effect for dishwashers in 2008.''.
                    (C) Extension of credit relating to 
                refrigerators.--Section 45M(b)(1)(C) of such Code is 
                amended--
                            (i) by striking ``2006 or 2007'' each place 
                        it appears and inserting ``2006, 2007, 2008, or 
                        2009'', and
                            (ii) in clause (i)(I), by striking ``2006'' 
                        and inserting ``2006, 2008, or 2009''.
            (2) Updating the energy savings percentage.--Section 
        45M(b)(2)(B) of such Code (relating to the energy savings 
        percentage) is amended--
                    (A) by striking ``in 2007'' each place it appears 
                and inserting ``in 2008'', and
                    (B) by striking ``in 2005'' and inserting ``in 
                2006''.
            (3) Updating the eligible production amount.--
                    (A) In general.--Section 45M(c) of such Code 
                (relating to the eligible production) is amended by 
                striking ``3-calendar'' each place it appears and 
                inserting ``2-calendar''.
                    (B) Technical correction.--Section 45M(c)(1) of 
                such Code is amended by striking ``paragraphs'' and 
                inserting ``paragraph''.
            (4) Updating the aggregate credit amount allowed.--Section 
        45M(e)(1) of such Code (relating to the aggregate amount of 
        credit allowed) is amended by inserting before the period 
        ``beginning after December 31, 2007''.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to appliances manufactured after December 31, 2007.

SEC. 3. EXTENSION OF NONBUSINESS ENERGY PROPERTY CREDIT.

    (a) In General.--Section 25C(g) of the Internal Revenue Code of 
1986 (relating to the termination date) is amended by striking 
``December 31, 2007'' and inserting ``December 31, 2009''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2007.
                                 <all>