119-hr615

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 615 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 615

 To amend the Internal Revenue Code of 1986 to establish a refundable 
tax credit for individuals for amounts paid for gas and electricity for 
 primary residences.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 January 22, 2025

Mr. Gottheimer introduced the following bill; which was referred to the 
 Committee on Ways and Means

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to establish a refundable 
tax credit for individuals for amounts paid for gas and electricity for 
 primary residences.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ELECTRICITY AND GAS CREDIT.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 

section 36B the following new section:

``

SEC. 36D. ELECTRICITY AND GAS CREDIT.

 ``

    (a) Allowance of Credit.--In the case of an individual, there 
shall be allowed as a credit against the tax imposed by this subtitle 
an amount equal to so much of the qualified energy costs of such 
individual as do not exceed $350 for the taxable year.
 ``

    (b) Qualified Energy Costs.--
 ``

    (1) In general.--For purposes of this section, the term 
 `qualified energy costs' means amounts paid or incurred by the 
 individual--
 ``
        (A) to a utility for gas and electric service at 
 the principal residence of such individual, or
 ``
        (B) to a person from whom such individual leases 
 such individual's primary residence for gas and 
 electric service from a utility if such costs are 
 included in the rent of such individual.
 ``

    (2) Utility.--For purposes of this subsection, the term 
 `utility' has the meaning given such term in 

section 48

    (a)

    (8)
            (D) .
 ``
            (c) Principal Residence.--For purposes of this section, the term 
`principal residence' has the same meaning as when used in 

section 121.
 ``
            (d) Income Limitation.--
 ``

    (1) In general.--In the case of any individual whose 
 modified adjusted gross income for the taxable year exceeds the 
 following amounts, the amount of the credit determined under 
 subsection

    (a) shall be zero.
 ``
        (A) In the case of a joint return, $400,000.
 ``
        (B) In the case of any other individual, 
 $200,000.
 ``

    (2) Modified adjusted gross income.--For purposes of 
 paragraph

    (1) , the term `modified adjusted gross income' means 
 the adjusted gross income of the taxpayer for the taxable year 
 increased by any amount excluded from gross income under 
 

section 911, 931, or 933.
 ``

    (e) Denial of Double Benefit.--No credit shall be allowed under 
subsection

    (a) for any expense for which a deduction or credit is 
allowed under any other provision of this chapter.
 ``

    (f) Denial of Credit to Dependents.--No credit shall be allowed 
under this section to any individual with respect to whom a deduction 
under 

section 151 is allowable to another taxpayer for a taxable year 
beginning in the calendar year in which such individual's taxable year 
begins.
 ``

    (g) Reporting.--In the case of any person who leases the 
principal residence of another individual to such individual and 
includes the cost of electricity or gas in rent paid under such lease, 
such person shall provide to the Secretary and to the individual, not 
later than January 31st of each calendar year, a receipt for the 
portion of the rent for the preceding calendar year properly 
attributable to such individual's electric and gas service for such 
preceding calendar year.''.

    (b) Conforming Amendments.--

    (1) Section 6211

    (b)

    (4)
        (A) of the Internal Revenue Code of 
 1986 is amended by inserting ``, 36D'' after ``36B''.

    (2) Section 1324

    (b)

    (2) of title 31, United States Code, is 
 amended by inserting ``, 36D'' after ``, 36B''.

    (3) The table of sections for subpart C of part IV of 
 subchapter A of chapter 1 of the Internal Revenue Code of 1986 
 is amended by inserting after the item relating to 

section 36B 
 the following new item:

``

Sec. 36D. Electricity and gas credit.''.
            (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act.
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