Sec. 90423. Energy efficient commercial buildings deduction
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Section 179D(h) is amended by striking December 31, 2020 and inserting December 31, 2025 . Section 179D(b) is amended by striking $1.80 and inserting $3 . Section 179D , as amended by this Act, is amended by redesignating subsection
(h)as subsection
(i)and by inserting after subsection
(g)the following new subsection: In the case of a taxable year beginning after 2020, each dollar amount in subsection
(b)or subsection (d)(1)(A) shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2019 for calendar year 2016 in subparagraph (A)(ii) thereof. . Section 179D(d)(1)(A) is amended by striking by substituting and inserting $.60 for $1.80 by substituting . $1 for $3 Section 179D(b)(2) is amended by striking for all prior taxable years and inserting for the 3 years immediately preceding such taxable year . Section 179D(c) is amended— in paragraphs (1)(B)(ii) and (1)(D), by striking Standard 90.1–2007 and inserting Reference Standard 90.1 , and by amending paragraph
(2)to read as follows: The term Reference Standard 90.1 means, with respect to property, the Standard 90.1 most recently adopted (as of the date that is 2 years before the date that construction of such property begins) by the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America. . Section 179D(d)(2) is amended by striking 2005 and inserting 2019 . Section 179D(c)(1)(D) is amended by striking 50 and inserting 30 . Section 179D , as amended by subsection (a), is amended by striking subsection
(f)and redesignating subsections
(g)and
(h)as subsections
(f)and (g), respectively. The amendments made by this section shall apply to property placed in service after December 31, 2020.