US Congress Senate Bill 628 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 28 2019 - 25% progression, died in committee
Action: 2019-02-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Expands the tax credit for residential energy efficient property to include 30% of qualified biomass fuel property expenditures for property placed in service before 2024. A qualified biomass fuel property expenditure is an expenditure for property that 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 2024 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 2024 for investment in such property that operates at a thermal output efficiency of at least 80%.

BTU Act of 2019 Biomass Thermal Utilization Act of 2019

Sen. Angus King [I-ME]	Sen. Susan Collins [R-ME]	Sen. Margaret Hassan [D-NH]	Sen. Patrick Leahy [D-VT]
Sen. Jeanne Shaheen [D-NH]	Sen. Tammy Baldwin [D-WI]	Sen. Lisa Murkowski [R-AK]

Date	Chamber	Action
2019-02-28	Senate	Read twice and referred to the Committee on Finance.

HB1479 (Same As) 2019-02-28 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/628/all-info
Text	https://www.congress.gov/116/bills/s628/BILLS-116s628is.pdf