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H.R. 3908 (114th): To amend the Internal Revenue Code of 1986 to extend for one year the credit for thermal energy property.

The text of the bill below is as of Nov 3, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 3908

IN THE HOUSE OF REPRESENTATIVES

November 3, 2015

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 for one year the credit for thermal energy property.

1.

Extension of credit for thermal energy property

(a)

In general

Section 48(a)(3)(A)(vii) of the Internal Revenue Code of 1986 is amended by striking January 1, 2017 and inserting January 1, 2018.

(b)

Effective date

The amendments made by this section shall apply to periods after December 31, 2016, in taxable years ending after such date, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of Revenue Reconciliation Act of 1990).