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Higher Tax Credits for Biomass Stoves and Boilers

This bill increases the maximum tax credit you can receive for purchasing and installing biomass stoves and boilers. This means if you're planning to invest in more environmentally friendly home heating, you could get a larger refund from the government. These changes apply to equipment placed in service after December 31, 2022.
Key points
Increased maximum tax credit for certain biomass stoves and boilers to $2,000.
Increased maximum tax credit for other biomass heating property to $8,000.
Changes apply to equipment installed after December 31, 2022, potentially lowering home upgrade costs.
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Additional Information
Print number: 117_S_5192
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2022-12-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5192.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-06.

What are the main provisions?

Key points include:

  • Increased maximum tax credit for certain biomass stoves and boilers to $2,000.
  • Increased maximum tax credit for other biomass heating property to $8,000.
  • Changes apply to equipment installed after December 31, 2022, potentially lowering home upgrade costs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. King, Angus S., Jr. [I-ME].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Environment Real Estate