118 S54 IS: To amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers. U.S. Senate 2023-01-24 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.

II 118th CONGRESS1st Session S. 54 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.

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.