H.R. 6403 (112th): MADE Act of 2012

Introduced:
Sep 13, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Christopher Murphy [D-CT5]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 13, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 13, 2012
Referred to Committee Sep 13, 2012
Cosponsors
none
Committees

House Energy and Commerce

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To provide for grants in lieu of expensing under the Internal Revenue Code of 1986 for energy efficient commercial buildings placed in service by manufacturers.

Summary

No summaries available.

Text

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Last updated Sep 13, 2012.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/13/2012--Introduced.
Manufacturing Assistance Driving Efficiency Act of 2012 or MADE Act of 2012 - Directs the Secretary of the Treasury to provide grants to manufacturers who place energy efficient commercial building property in service:
(1) during 2012 or 2013; or
(2) after 2013 and before 2016, provided the construction of such property began during 2012 or 2013.
Limits such a grant to:
(1) the basis of such property, or
(2) 50% of any excess of the rate to be paid under a power purchase agreement for renewable energy resources for use in such property over the standard electrical rate, and
(3) the allowable income tax deduction for the cost of energy efficient commercial building property placed in service during a taxable year.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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