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New Tax Credit for Home Gas and Electricity Costs

This bill introduces a new refundable tax credit for individuals to help offset the costs of gas and electricity for their primary residences. It aims to ease the financial burden of energy expenses for citizens. The credit is refundable, meaning you can receive money back even if you don't owe taxes.
Key points
You could receive up to $350 back for gas and electricity costs at your main home.
The credit applies whether you pay utilities directly or if energy costs are included in your rent.
Income limits apply: $400,000 for joint filers and $200,000 for other individuals.
You cannot claim this credit if someone else claims you as a dependent on their tax return.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_615
Sponsor: Rep. Gottheimer, Josh [D-NJ-5]
Process start date: 2025-01-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_615.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-22.

What are the main provisions?

Key points include:

  • You could receive up to $350 back for gas and electricity costs at your main home.
  • The credit applies whether you pay utilities directly or if energy costs are included in your rent.
  • Income limits apply: $400,000 for joint filers and $200,000 for other individuals.
  • You cannot claim this credit if someone else claims you as a dependent on their tax return.
What is the specific legal status?

The current status is Introduced.

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 Rep. Gottheimer, Josh [D-NJ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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