Sec. 327. Permanent extension of new energy efficient home credit
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Section 45L of the Internal Revenue Code of 1986 is amended by striking subsection (g). Section 45L of the Internal Revenue Code of 1986 is amended by striking the standards of chapter 4 of the 2006 International Energy Conservation Code, as such Code (including supplements) is in effect on January 1, 2006 each place it appears and inserting the applicable standards . Section 45L of such Code, as amended by subsection (a), is amended by adding at the end the following new subsection:
For purposes of this section, the term applicable standards means, with respect to any dwelling unit, the standards in effect for residential building energy efficiency under the International Energy Conservation Code on the first day of the taxable year in which construction for the dwelling unit commenced. . The amendments made by this section shall apply to homes acquired after December 31, 2016.