US Congress Senate Bill 1480 (Prior Session Legislation)

---

Spectrum: Slight Partisan Bill (Democrat 6-1-1)
Status: Introduced on June 29 2017 - 25% progression, died in committee
Action: 2017-06-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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%.

BTU Act of 2017 Biomass Thermal Utilization Act of 2017

Sen. Angus King [I-ME]	Sen. Susan Collins [R-ME]	Sen. Jeanne Shaheen [D-NH]	Sen. Jeff Merkley [D-OR]
Sen. Margaret Hassan [D-NH]	Sen. Al Franken [D-MN]	Sen. Patrick Leahy [D-VT]	Sen. Tammy Baldwin [D-WI]

Date	Chamber	Action
2017-06-29	Senate	Read twice and referred to the Committee on Finance.

HB3161 (Same As) 2017-06-29 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1480/all-info
Text	https://www.congress.gov/115/bills/s1480/BILLS-115s1480is.pdf