text: 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.
target: 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.
feat_title: A bill to amend the Internal Revenue Code of 1986 to modify the energy efficient appliance credit for appliances produced after 2007.