S. 3591 (112th): Commercial Building Modernization Act

Introduced:
Sep 20, 2012 (112th Congress, 2011–2013)
Sponsor:
Sen. Olympia Snowe [R-ME]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 20, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 20, 2012
Referred to Committee Sep 20, 2012
Cosponsors
3 cosponsors (3D) (show)
Committees

Senate Finance

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

Full Title

A bill to amend the Internal Revenue Code of 1986 to improve and extend the deduction for new and existing energy-efficient commercial buildings, and for other purposes.

Summary

No summaries available.

Text

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Last updated Sep 20, 2012.
28 pages

Primary Source

View on THOMAS (The Library of Congress)

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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.

9/20/2012--Introduced.
Commercial Building Modernization Act- Amends the Internal Revenue Code, with respect to the tax deduction for energy-efficient commercial buildings, to:
(1) extend such deduction through 2016;
(2) include within the definition of "property" for purposes of such deduction a commercial building and a multifamily building (a structure of five or more dwelling units used as residential housing);
(3) increase the maximum amount of such deduction; and
(4) adopt the updated standard of the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America applicable to property eligible for such deduction.
Allows through 2016 a new tax deduction for the cost of retrofitting existing commercial and multifamily buildings.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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