Equipping a 21st Century Green Workforce Act of 2009 - Amends the Internal Revenue Code to allow an increased charitable tax deduction for contributions of certain alternative energy property for educational purposes.
[Congressional Bills 111th Congress]
[From the U.S. Government Printing Office]
[H.R. 1249 Introduced in House (IH)]
111th CONGRESS
1st Session
H. R. 1249
To amend the Internal Revenue Code of 1986 to provide special rules for
charitable contributions of alternative energy property for educational
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 2, 2009
Mr. Patrick J. Murphy of Pennsylvania (for himself and Mr. Latham)
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 provide special rules for
charitable contributions of alternative energy property for educational
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Equipping a 21st Century Green
Workforce Act of 2009''.
SEC. 2. SPECIAL RULES FOR CHARITABLE CONTRIBUTIONS OF ALTERNATIVE
ENERGY PROPERTY FOR EDUCATIONAL PURPOSES.
(a) In General.--Subsection (e) of section 170 of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:
``(8) Special rule for contributions of alternative energy
property used for educational purposes.--
``(A) Limit on reduction.--In the case of a
qualified energy property contribution, the reduction
under paragraph (1)(A) shall be no greater than the
amount determined under paragraph (3)(B).
``(B) Qualified energy property contributions.--For
purposes of this paragraph, the term `qualified energy
property contribution' means a charitable contribution
by a corporation of qualified energy inventory
property, but only if--
``(i) the contribution is to--
``(I) an educational organization
described in subsection (b)(1)(A)(ii),
or
``(II) an organization described in
section 501(c)(3) and exempt from tax
under section 501(a) that is organized
primarily for purposes of providing
education or training,
``(ii) the property is constructed or
assembled by the taxpayer,
``(iii) the contribution is made not later
than 3 years after the date the construction or
assembly of the property is substantially
completed,
``(iv) the original use of the property is
by the donee,
``(v) substantially all of the use of the
property by the donee is for use within the
United States for educational or training
purposes that are related to the purpose or
function of the donee,
``(vi) the property is not transferred by
the donee in exchange for money, other
property, or services,
``(vii) the property will fit productively
into the donee's educational or training plan,
and
``(viii) the taxpayer receives from the
donee a written statement representing that its
use and disposition of the property will be in
accordance with the provisions of clauses (v),
(vi),and (vii).
``(C) Definitions and special rules.--For purposes
of this paragraph--
``(i) Qualified energy inventory
property.--The term `qualified energy inventory
property' means any tangible personal property
described in paragraph (1) of section 1221(a)
which is--
``(I) property which is used in
generating electricity from qualified
energy resources (as defined in section
45(c)(1)), or
``(II) property which is described
in subparagraph (A) of section 48(a)(3)
(determined without regard to any
termination provision or other time-
based restriction contained in section
48) and which meets the requirements of
subparagraph (D) of section 48(a)(3).
``(ii) Corporation.--The term `corporation'
has the meaning given such term by paragraph
(4)(D).
``(iii) Use of property as energy source.--
The use of property by the donee as a source of
energy for the donee shall not be taken into
account for purposes of applying subparagraph
(B)(v) if the use described in such paragraph
is significant.
``(iv) Construction of property.--Rules
similar to the rules of paragraph (4)(C) shall
apply.''.
(b) Effective Date.--The amendments made by this section shall
apply to contributions made after the date of the enactment of this
Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line