All-Electric Homes Act of 2019 This bill establishes a tax credit for contractors that construct new all-electric homes. The credit applies to new homes that are constructed by the contractor, are acquired by a person from the contractor for use as a residence during the year, have appliances and mechanical systems that are powered solely by electricity, do not have a gas line or gas service, and meet specified energy efficiency standards. For a single-family residence, the credit is equal to $5,000. For a multi-family residence, the credit is equal to $1,750, multiplied by the total number of residential units.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Building constructionElectric power generation and transmissionEnergy efficiency and conservationIncome tax creditsResidential rehabilitation and home repair
All-Electric Homes Act of 2019
USA116th CongressS-1197| Senate
| Updated: 4/11/2019
All-Electric Homes Act of 2019 This bill establishes a tax credit for contractors that construct new all-electric homes. The credit applies to new homes that are constructed by the contractor, are acquired by a person from the contractor for use as a residence during the year, have appliances and mechanical systems that are powered solely by electricity, do not have a gas line or gas service, and meet specified energy efficiency standards. For a single-family residence, the credit is equal to $5,000. For a multi-family residence, the credit is equal to $1,750, multiplied by the total number of residential units.
Building constructionElectric power generation and transmissionEnergy efficiency and conservationIncome tax creditsResidential rehabilitation and home repair