E–QUIP Act
- Last Action
- 4/1/2021
Actions
- 2021-04-01Referred to the House Committee on Ways and Means.
- 2021-04-01Introduced in House
- 2021-04-01Introduced in House
CRS Summary
As of 2021-04-01 (00)
Energy Efficient Qualified Improvement Property Act of 2021 or the E-QUIP Act
This bill allow straight line depreciation over a 10-year period of energy efficient qualified improvement property. The bill defines energy efficient qualified improvement property as any improvement to a building that is nonresidential real property, or multifamily residential rental property, first placed in service more than 10 year before the enactment of this bill, and that is installed as part of the lighting system, the heating, cooling, ventilation, or hot water systems, or the building envelope. The improvement must meet specified performance and other requirements.
Cosponsors (8)
- Tom Rice (R-SC)
- JAMES COOPER (D-TN)
- ELEANOR NORTON (D-DC)
- Andy Harris (R-MD)
- Susan Wild (D-PA)
- Dean Phillips (D-MN)
- Dwight Evans (D-PA)
- Raja Krishnamoorthi (D-IL)
Subjects
- Building construction
- Congressional oversight
- Energy efficiency and conservation
- Lighting, heating, cooling
- Performance measurement
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.