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Increased Tax Credit Limit for Biomass Stoves and Boilers.

This bill significantly raises the maximum tax credit available to citizens for installing energy-efficient biomass stoves and boilers in their homes. The change aims to incentivize homeowners to upgrade their heating systems, potentially lowering energy bills and promoting greener solutions. The new, higher credit limits apply to equipment placed in service after December 31, 2022.
Key points
The maximum tax credit for purchasing and installing biomass stoves and boilers is increased to $8,000.
This change applies to equipment put into service after December 31, 2022, allowing for greater savings on home upgrades.
It also sets a $2,000 limit for other specified energy efficiency home improvements.
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Additional Information
Print number: 118_S_54
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2023-01-24
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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 118_S_54.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-24.

What are the main provisions?

Key points include:

  • The maximum tax credit for purchasing and installing biomass stoves and boilers is increased to $8,000.
  • This change applies to equipment put into service after December 31, 2022, allowing for greater savings on home upgrades.
  • It also sets a $2,000 limit for other specified energy efficiency home improvements.
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 2025-12-30.

CATEGORIES

Taxes Environment