3.0.0 727 2023-01-11T13:27:52Z 2023-01-11T13:27:52Z Senate S 2015-03-12 114 ssfi00 Finance Committee Senate Standing Referred to 2015-03-12T17:04:24Z BTU Act of 2015 114 1145 HR 2015-02-26 Referred to the House Committee on Ways and Means. Identical bill CRS 2015-03-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-03-12 Introduced in Senate IntroReferral 10000 9 Library of Congress K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2015-03-12 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2015-03-12 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2015-03-12 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2015-04-30 False A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2015-05-07 False F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2015-12-10 False Taxation Alternative and renewable resources Energy efficiency and conservation Income tax credits Lighting and heating Lighting, heating, cooling Residential rehabilitation and home repair Taxation 00 2015-03-12 Introduced in Senate 2015-04-08T17:29:51Z Biomass Thermal Utilization Act of 2015 or the BTU Act of 2015

Amends the Internal Revenue Code to include 30% of qualified biomass fuel property expenditures made in taxable years beginning before 2021 in the residential energy efficient property tax credit. Defines "qualified biomass fuel property expenditure" as 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%.

Allows: (1) a 15% energy tax credit until 2021 for investment in open-loop biomass heating property, and (2) a 30% credit for boilers or furnaces that operate at thermal output efficiencies of at least 80% and provide thermal energy.

]]> BTU Act of 2015 Display Title BTU Act of 2015 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to include biomass heating appliances for tax credits available for energy-efficient building property and energy property. Introduced in Senate IS Short Titles as Introduced BTU Act of 2015 Short Titles as Introduced Biomass Thermal Utilization Act of 2015 Introduced in Senate 2015-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s727is/xml/BILLS-114s727is.xml 2015-03-12 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.