H.R. 2599
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to establish the emergency generator tax credit.
IN THE HOUSE OF REPRESENTATIVES · April 2, 2025 · Sponsor: Mr. Hunt · Committee: Committee on Ways and Means
Table of contents
Sec. 25F. Emergency generator credit.
- (a) Allowance of credit
- In the case of a qualified individual, there shall be allowed as a credit against the tax imposed by this subtitle an amount equal to so much of the amount paid or incurred by such qualified individual to purchase an emergency generator for use in the principal residence of such individual during the taxable year as does not exceed $500.
- (b) Qualified individual
- (1) In general
- For purposes of this section, the term means an individual—
qualified individual- whose principal residence is located in an area with respect to which 2 or more covered major disasters were declared during the 5-year period ending on the last day of the taxable year, and
- who has received individual assistance under section 408 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act with respect to a covered major disaster described in subparagraph (A) during such 5-year period.
- For purposes of this section, the term means an individual—
- (1) In general
- (c) Limitation
- (1) In general
- The amount of the credit allowed under subsection (a) shall be reduced by $100 for every $25,000 by which the taxpayer’s modified adjusted gross income exceeds—
- $300,000 in the case of a joint return, or
- $150,000 in the case of any other individual.
- The amount of the credit allowed under subsection (a) shall be reduced by $100 for every $25,000 by which the taxpayer’s modified adjusted gross income exceeds—
- (2) Modified adjusted gross income
- For purposes of this subsection, the term 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.
modified adjusted gross income
- For purposes of this subsection, the term 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.
- (1) In general
- (d) Definitions
- For purposes of this section—
- The term means a major disaster declared under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act that was not declared for the purpose of public health.
covered major disaster - The term has the same meaning as when used in section 121.
principal residence
- The term means a major disaster declared under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act that was not declared for the purpose of public health.
- For purposes of this section—
- (e) Termination
- No credit shall be allowed under subsection (a) with respect to any generator purchased after the date that is 2 years after the date of the enactment of this section.