[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 54 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                 S. 54

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


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                   IN THE SENATE OF THE UNITED STATES

             January 24 (legislative day, January 3), 2023

 Mr. King (for himself, Ms. Collins, Mrs. Shaheen, Ms. Hassan, and Ms. 
  Murkowski) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASED LIMITATION FOR BIOMASS STOVES AND BOILERS UNDER 
              ENERGY EFFICIENT HOME IMPROVEMENT CREDIT.

    (a) In General.--Section 25C(b)(5) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``shall not, in the aggregate, exceed'' and 
        all that follows and inserting the following: ``shall not 
        exceed--
                    ``(A) with respect to amounts paid or incurred, in 
                the aggregate, for property described in clauses (i) 
                and (ii) of subsection (d)(2)(A), $2,000, and
                    ``(B) with respect to amounts paid or incurred, in 
                the aggregate, for property described in subsection 
                (d)(2)(B), $8,000.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2022.
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