Us Congress 2025-2026 Regular Session

Us Congress House Bill HB2599 Compare Versions

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Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 2599
5	5	To amend the Internal Revenue Code of 1986 to establish the emergency
6	6	generator tax credit.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	APRIL2, 2025
9	9	Mr. H
10	10	UNT(for himself, Mr. CARTERof Texas, Mr. NEHLS, Mr. WILLIAMS
11	11	of Texas, Mr. B
12	12	ABIN, Mr. ELLZEY, Mrs. KIGGANSof Virginia, Mr.
13	13	W
14	14	EBERof Texas, Mr. RUTHERFORD, Mr. LUTTRELL, Mr. GOODEN, and
15	15	Mr. M
16	16	ILLS) introduced the following bill; which was referred to the Com-
17	17	mittee on Ways and Means
18	18	A BILL
19	19	To amend the Internal Revenue Code of 1986 to establish
20	20	the emergency generator tax credit.
21	21	Be it enacted by the Senate and House of Representa-1
22	22	tives of the United States of America in Congress assembled, 2
23	23	SECTION 1. SHORT TITLE. 3
24	24	This Act may be cited as the ‘‘Preventing Outages 4
25	25	With Electricity Reinforcement Act of 2025’’ or the 5
26	26	‘‘POWER Act of 2025’’. 6
27	27	SEC. 2. EMERGENCY GENERATOR CREDIT. 7
28	28	(a) I
29	29	NGENERAL.—Subpart A of part IV of sub-8
30	30	chapter A of chapter 1 of the Internal Revenue Code of 9
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33	33	•HR 2599 IH
34	34	1986 is amended by inserting after section 25E the fol-1
35	35	lowing new section: 2
36	36	‘‘SEC. 25F. EMERGENCY GENERATOR CREDIT. 3
37	37	‘‘(a) A
38	38	LLOWANCE OF CREDIT.—In the case of a 4
39	39	qualified individual, there shall be allowed as a credit 5
40	40	against the tax imposed by this subtitle an amount equal 6
41	41	to so much of the amount paid or incurred by such quali-7
42	42	fied individual to purchase an emergency generator for use 8
43	43	in the principal residence of such individual during the 9
44	44	taxable year as does not exceed $500. 10
45	45	‘‘(b) Q
46	46	UALIFIEDINDIVIDUAL.— 11
47	47	‘‘(1) I
48	48	N GENERAL.—For purposes of this sec-12
49	49	tion, the term ‘qualified individual’ means an indi-13
50	50	vidual— 14
51	51	‘‘(A) whose principal residence is located in 15
52	52	an area with respect to which 2 or more covered 16
53	53	major disasters were declared during the 5-year 17
54	54	period ending on the last day of the taxable 18
55	55	year, and 19
56	56	‘‘(B) who has received individual assistance 20
57	57	under section 408 of the Robert T. Stafford 21
58	58	Disaster Relief and Emergency Assistance Act 22
59	59	with respect to a covered major disaster de-23
60	60	scribed in subparagraph (A) during such 5-year 24
61	61	period. 25
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64	64	•HR 2599 IH
65	65	‘‘(c) LIMITATION.— 1
66	66	‘‘(1) I
67	67	N GENERAL.—The amount of the credit 2
68	68	allowed under subsection (a) shall be reduced by 3
69	69	$100 for every $25,000 by which the taxpayer’s 4
70	70	modified adjusted gross income exceeds— 5
71	71	‘‘(A) $300,000 in the case of a joint re-6
72	72	turn, or 7
73	73	‘‘(B) $150,000 in the case of any other in-8
74	74	dividual. 9
75	75	‘‘(2) M
76	76	ODIFIED ADJUSTED GROSS INCOME .— 10
77	77	For purposes of this subsection, the term ‘modified 11
78	78	adjusted gross income’ means the adjusted gross in-12
79	79	come of the taxpayer for the taxable year increased 13
80	80	by any amount excluded from gross income under 14
81	81	section 911, 931, or 933. 15
82	82	‘‘(d) D
83	83	EFINITIONS.—For purposes of this section— 16
84	84	‘‘(1) C
85	85	OVERED MAJOR DISASTER .—The term 17
86	86	‘covered major disaster’ means a major disaster de-18
87	87	clared under section 401 of the Robert T. Stafford 19
88	88	Disaster Relief and Emergency Assistance Act that 20
89	89	was not declared for the purpose of public health. 21
90	90	‘‘(2) P
91	91	RINCIPAL RESIDENCE.—The term ‘prin-22
92	92	cipal residence’ has the same meaning as when used 23
93	93	in section 121. 24
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96	96	•HR 2599 IH
97	97	‘‘(e) TERMINATION.—No credit shall be allowed 1
98	98	under subsection (a) with respect to any generator pur-2
99	99	chased after the date that is 2 years after the date of the 3
100	100	enactment of this section.’’. 4
101	101	(b) C
102	102	ONFORMINGAMENDMENTS.— 5
103	103	(1) The table of sections for subpart A of part 6
104	104	IV of subchapter A of chapter 1 of the Internal Rev-7
105	105	enue Code of 1986 is amended by inserting after the 8
106	106	item relating to section 25E the following new item: 9
107	107	‘‘Sec. 25F. Emergency generator credit.’’.
108	108	(c) EFFECTIVEDATE.—The amendments made by 10
109	109	this section shall apply to generators purchased after the 11
110	110	date of the enactment of this Act. 12
111	111	Æ
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