article: SECTION 1. SHORT TITLE. This Act may be cited as the ``Super-Efficient Appliance Incentives and Market Transformation Act of 2007''. SEC. 2. MODIFICATIONS OF ENERGY EFFICIENT APPLIANCE CREDIT FOR APPLIANCES PRODUCED AFTER 2007. (a) In General.--Section 45M of the Internal Revenue Code of 1986 is amended to read as follows: ``SEC. 45M. ENERGY EFFICIENT APPLIANCE CREDIT. ``(a) General Rule.-- ``(1) In general.--For purposes of section 38, the energy efficient appliance credit determined under this section for any taxable year is an amount equal to the sum of the credit amounts determined under paragraph (2) for each type of qualified energy efficient appliance produced by the taxpayer during the calendar year ending with or within the taxable year. ``(2) Credit amounts.--The credit amount determined for any type of qualified energy efficient appliance is-- ``(A) the applicable amount determined under subsection (b) with respect to such type, multiplied by ``(B) the eligible production for such type. ``(b) Applicable Amount.--For purposes of subsection (a)-- ``(1) Dishwashers.--The applicable amount is-- ``(A) $45 in the case of a residential model dishwasher which-- ``(i) is manufactured in calendar year 2008 or 2009, and ``(ii) uses not more than 324 kilowatt hours per year and 5.8 gallons per cycle, and ``(B) $75 in the case of a residential model dishwasher which-- ``(i) is manufactured in calendar year 2008, 2009, or 2010, and ``(ii) uses not more than 307 kilowatt hours per year and 5.0 gallons per cycle (5.5 gallons for dishwashers designed for greater than 12 place settings). ``(2) Clothes washers.--The applicable amount is-- ``(A) $75 in the case of a residential model top- loading clothes washer which-- ``(i) is manufactured in calendar year 2008, and ``(ii) meets or exceeds a 1.72 MEF and does not exceed an 8.0 water consumption factor, ``(B) $125 in the case of a residential model top- loading clothes washer which-- ``(i) is manufactured in calendar year 2008 or 2009, and ``(ii) meets or exceeds a 1.8 MEF and does not exceed a 7.5 water consumption factor, ``(C) $150 in the case of a residential or commercial model clothes washer which-- ``(i) is manufactured in calendar year 2008, 2009, or 2010, and ``(ii) meets or exceeds 2.0 MEF and does not exceed a 6.0 water consumption factor, and ``(D) $250 in the case of a residential or commercial model clothes washer which-- ``(i) is manufactured in calendar year 2008, 2009, or 2010, and ``(ii) meets or exceeds 2.2 MEF and does not exceed a 4.5 water consumption factor. ``(3) Refrigerators.--The applicable amount is-- ``(A) $50 in the case of a residential model refrigerator which-- ``(i) is manufactured in calendar year 2008, and ``(ii) consumes at least 20 percent, but not more than 22.9 percent, less kilowatt hours per year than the 2001 energy conservation standards, ``(B) $75 in the case of a residential model refrigerator which-- ``(i) is manufactured in calendar year 2008 or 2009, and ``(ii) consumes at least 23 percent, but not more than 24.9 percent, less kilowatt hours per year than the 2001 energy conservation standards, ``(C) $100 in the case of a residential model refrigerator which-- ``(i) is manufactured in calendar year 2008, 2009, or 2010, and ``(ii) consumes at least 25 percent, but not more than 29.9 percent, less kilowatt hours per year than the 2001 energy conservation standards, and ``(D) $200 in the case of a residential model refrigerator which-- ``(i) is manufactured in calendar year 2008, 2009, or 2010, and ``(ii) consumes at least 30 percent less kilowatt hours per year than the 2001 energy conservation standards. ``(4) Dehumidifiers.--The applicable amount is-- ``(A) $15 in the case of a dehumidifier which-- ``(i) is manufactured in calendar year 2008, and ``(ii) has a capacity less than or equal to 45 pints per day and is 7.5 percent more efficient than the applicable Department of Energy energy conservation standard effective October 2012, and ``(B) $25 in the case of a dehumidifier which-- ``(i) is manufactured in calendar year 2008, and ``(ii) has a capacity greater than 45 pints per day and is 7.5 percent more efficient than such conservation standard. ``(c) Eligible Production.--The eligible production in a calendar year with respect to each type of qualified energy efficient appliance is the excess of-- ``(1) the number of appliances of such type which are produced by the taxpayer for sale within the United States during such calendar year, over ``(2) the average number of appliances of such type which were produced by the taxpayer (or any predecessor) for sale within the United States during the preceding 2-calendar year period. ``(d) Types of Qualified Energy Efficient Appliances.--For purposes of this section, the types of qualified energy efficient appliances are-- ``(1) dishwashers described in subsection (b)(1), ``(2) clothes washers described in subsection (b)(2), ``(3) refrigerators described in subsection (b)(3), and ``(4) dehumidifiers described in subsection (b)(4). ``(e) Limitations.-- ``(1) Aggregate credit amount allowed.--Except as provided in paragraph (2), the aggregate amount of credit allowed under subsection (a) with respect to a taxpayer for any taxable year shall not exceed $100,000,000 reduced by the amount of the credit allowed under subsection (a) to the taxpayer (or any predecessor) for all prior taxable years beginning after December 31, 2007. ``(2) Amount allowed for certain clothes washers and refrigerators.--For purposes of paragraph (1), clothes washers described in subsection (b)(2)(D) and refrigerators described in subsection (b)(3)(D) shall not be taken into account. ``(3) Limitation based on gross receipts.--The credit allowed under subsection (a) with respect to a taxpayer for the taxable year shall not exceed an amount equal to 2 percent of the average annual gross receipts of the taxpayer for the 3 taxable years preceding the taxable year in which the credit is determined beginning after December 31, 2007. ``(4) Gross receipts.--For purposes of this subsection, the rules of paragraphs (2) and (3) of section 448(c) shall apply. ``(f) Definitions.--For purposes of this section: ``(1) Dishwasher.--The term `dishwasher' means a dishwasher subject to the energy conservation standards established by the Department of Energy. ``(2) Clothes washer.--The term `clothes washer' includes a clothes washer subject to the energy conservation standards established by the Department of Energy. ``(3) Top-loading clothes washer.--The term `top-loading clothes washer' means a clothes washer with the clothes container compartment access located on the top of the machine. ``(4) Refrigerator.--The term `refrigerator' means an automatic defrost refrigerator-freezer which has an internal volume of at least 16.5 cubic feet. ``(5) Dehumidifier.--The term `dehumidifier' means a self- contained, electrically operated, and mechanically refrigerated encased assembly consisting of-- ``(A) a refrigerated surface that condenses moisture from the atmosphere, ``(B) a refrigerating system, including an electric motor, ``(C) an air-circulating fan, and ``(D) means for collecting or disposing of condensate. ``(6) Gallons per cycle.--The term `gallons per cycle' means the amount of water, expressed in gallons, required to complete a normal cycle of a dishwasher. ``(7) MEF.--The term `MEF' means the modified energy factor established by the Department of Energy for compliance with the Federal energy conservation standard. ``(8) Water consumption factor.--The term `water consumption factor' means the quotient of the total weighted per-cycle water consumption divided by the cubic foot capacity of the clothes washer. ``(9) 2001 energy conservation standard.--The term `2001 energy conservation standard' means the energy conservation standards promulgated by the Department of Energy and effective July 1, 2001. ``(g) Special Rules.--For purposes of this section: ``(1) In general.--Rules similar to the rules of subsections (c), (d), and (e) of section 52 shall apply. ``(2) Controlled group.-- ``(A) In general.--All persons treated as a single employer under subsection (a) or (b) of section 52 or subsection (m) or (o) of section 414 shall be treated as a single producer. ``(B) Inclusion of foreign corporations.--For purposes of subparagraph (A), in applying subsections (a) and (b) of section 52 to this section, section 1563 shall be applied without regard to subsection (b)(2)(C) thereof. ``(3) Verification.--No amount shall be allowed as a credit under subsection (a) with respect to which the taxpayer has not submitted such information or certification as the Secretary, in consultation with the Secretary of Energy, determines necessary.''. (b) Credit Allowed Against the Alternative Minimum Tax.--Section 38(c)(4)(B) of the Internal Revenue Code of 1986 (relating to specified credits) is amended-- (1) by striking ``and'' at the end of clause (i), (2) by striking the period at the end of clause (ii)(II) and inserting ``, and'', and (3) by adding at the end the following new clause: ``(iii) for taxable years beginning after December 31, 2007, the credit determined under section 45M.''. (c) Effective Date.--The amendments made by this section shall apply to appliances produced after December 31, 2007.
summary: Super-Efficient Appliance Incentives and Market Transformation Act of 2007 - Amends the Internal Revenue Code to modify the applicable amount of the tax credit for energy efficient appliances (i.e., dishwashers, clothes washers, refrigerators, and dehumidifiers that restrict water and energy consumption) produced after 2007.