3.0.0 1480 2023-01-11T13:37:32Z 2023-01-11T13:37:32Z Senate S 2017-06-29 115 ssfi00 Finance Committee Senate Standing Referred to 2017-06-29T17:40:56Z BTU Act of 2017 115 3161 HR 2017-06-29 Referred to the House Committee on Ways and Means. Identical bill CRS 2017-06-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-06-29 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. 2017-06-29 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2017-06-29 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2017-06-29 True H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2017-06-29 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2017-07-25 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2017-10-17 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2017-11-01 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 2017-06-29 Introduced in Senate 2017-08-16T14:43:29Z Biomass Thermal Utilization Act of 2017 or the BTU Act of 2017

This bill amends the Internal Revenue Code to include 30% of qualified biomass fuel property expenditures for property placed in service before 2022 in the residential energy efficient property tax credit. A "qualified biomass fuel property expenditure" is 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%.

The bill also allows: (1) a 15% energy tax credit until 2022 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 2022 for investment in such property that operates at a thermal output efficiency of at least 80%.

]]> BTU Act of 2017 Display Title BTU Act of 2017 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 2017 Short Titles as Introduced Biomass Thermal Utilization Act of 2017 Introduced in Senate 2017-06-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1480is/xml/BILLS-115s1480is.xml 2017-06-29 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.