Working with the House Energy and Commerce Committee and the House Education Committee, the House Transportation and Infrastructure Committee approved H.R. 2, the Moving Forward Act. The Moving Forward Act, is a more than $1.5 trillion plan to rebuild American infrastructure—not only our roads, bridges, and transit systems, but also includes schools, housing, broadband access and energy efficiency. The House Democrats merged the nearly $500 billion highway bill, or INVEST in America Act, into a larger infrastructure package with a $1.5 trillion price tag. The 2,281 bill includes a section dealing with the 45L federal tax credit for energy efficient homes. Section 90424 of the bill addresses the tax credit. Its main provisions are: • Extends the credit from December 31, 2020 to December 31, 2025 • Changes the benchmark from 50% more efficient than the 2006 IECC to 15% more efficient than the 2018 IECC • Increases the credit from $2,000 to $2,500 The House Transportation and Infrastructure bill also includes other energy efficiency provisions such as rebates for retrofits of existing homes. To view the legislation, click on Moving Forward Act. The section on 45L begins on page 2217. RESNET is closely tracking the legislation and will keep its network informed of developments with the bill. It is likely that this legislation will pass the House this year but unlikely it would either pass the Republican controlled Senate or signed by President Trump. It will need to be reconsidered after the 2020 election.
