US HB3161 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 29 2017 - 25% progression, died in committee
Action: 2017-06-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 29 2017 - 25% progression, died in committee
Action: 2017-06-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
BTU Act of 2017 Biomass Thermal Utilization Act of 2017 This bill amends the Internal Revenue Code to include 30% of qualified biomass fuel property expenditures for property placed in service before 2022 in the residential energy efficient property tax credit. A "qualified biomass fuel property expenditure" is an expenditure for property which uses the burning of biomass fuel (a plant-derived fuel available on a renewable or recurring basis) to heat a dwelling used as a residence, or to heat water for use in such dwelling, and which has a thermal efficiency rating of at least 75%. The bill also allows: (1) a 15% energy tax credit until 2022 for investment in open-loop biomass heating property, including boilers or furnaces that operate at thermal output efficiencies of at least 65% and provide thermal energy in the form of heat, hot water, or steam for space heating, air conditioning, domestic hot water, or industrial process heat; and (2) a 30% credit until 2022 for investment in such property that operates at a thermal output efficiency of at least 80%.
Title
BTU Act of 2017 Biomass Thermal Utilization Act of 2017
Sponsors
Sen. Peter Welch [D-VT] | Rep. Mike Kelly [R-PA] | Rep. Ann Kuster [D-NH] | Rep. Bruce Poliquin [R-ME] |
Rep. David McKinley [R-WV] | Rep. Chellie Pingree [D-ME] |
History
Date | Chamber | Action |
---|---|---|
2017-06-29 | House | Referred to the House Committee on Ways and Means. |
2017-06-29 | House | Introduced in House |
Same As/Similar To
SB1480 (Same As) 2017-06-29 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Energy efficiency and conservation
Income tax credits
Lighting and heating
Residential rehabilitation and home repair
Taxation
Energy efficiency and conservation
Income tax credits
Lighting and heating
Residential rehabilitation and home repair
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/3161/all-info |
Text | https://www.congress.gov/115/bills/hr3161/BILLS-115hr3161ih.pdf |