Sec. 213. Incentives for new energy efficient homes
405 words·~2 min read·
/bill/115/s/2165/is/section-213A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon application, the Secretary of the Treasury shall, subject to the requirements of this subsection, provide a grant to each eligible contractor with respect to each qualified new energy efficient home which is— constructed by an eligible contractor, and acquired by a person from such eligible contractor for use as a residence. No grant shall be made under this subsection with respect to any qualified new energy efficient home unless such home is acquired by another person for use as a residence after September 20, 2017. The amount of the grant under paragraph
(1)with respect to any qualified new energy efficient home is an amount equal to— in the case of a dwelling unit described in paragraph
(1)or
(2)of section 45L(c) of the Internal Revenue Code of 1986, $2,000, and in the case of a dwelling unit described in paragraph
(3)of section 45L(c) of the Internal Revenue Code of 1986, $1,000. The Secretary of the Treasury shall make payment of any grant under paragraph
(1)during the 60-day period beginning on the later of— the date of the application for such grant, or the date the qualified new energy efficient home for which the grant is acquired by another person for use as a residence. For purposes of this subsection, the term qualified new energy efficient home has the meaning given such term under section 45L(b)(2) of the Internal Revenue Code of 1986, except that— subparagraph
(A)thereof shall be applied by substituting Puerto Rico or the Virgin Islands for the United States , and subparagraph
(B)thereof shall be applied by substituting September 20, 2017 for the date of the enactment of this section . For purposes of this subsection, the term eligible contractor means— a person who constructed the qualified new energy efficient home, or in the case of a qualified new energy efficient home which is a manufactured home, the manufactured home producer of such home. Terms used in this subsection which are also used in section 45L of the Internal Revenue Code of 1986 shall have the same meaning for purposes of this subsection as when used in section 45L. Any reference in this subsection to the Secretary of the Treasury shall be treated as including the Secretary's delegate. For fiscal year 2018, there is hereby appropriated to the Secretary of the Treasury $30,800,000, to remain available until expended, to carry out the purposes of this section.