BTU Act of 2021
- Last Action
- 5/14/2021
Actions
- 2021-05-14Referred to the House Committee on Ways and Means.
- 2021-05-14Introduced in House
- 2021-05-14Introduced in House
CRS Summary
As of 2021-05-14 (00)
Biomass Thermal Utilization Act of 2021 or the BTU Act of 2021
This bill expands the 30% energy tax credit to include open-loop biomass heating property and extends the residential energy efficient property tax credit for five years.
The bill defines open-loop biomass heating property as any property that uses open-loop biomass to produce thermal energy in the form of heat, hot water, hot air, or steam and is used for space heating, air conditioning, domestic hot water, or industrial process heat, but does not include any boiler or furnace unless they operate at thermal output efficiencies of at least 75% and are installed indoors.
Cosponsors (11)
- Mike Kelly (R-PA)
- Peter Welch (D-VT)
- Chellie Pingree (D-ME)
- John Garamendi (D-CA)
- Chris Pappas (D-NH)
- Earl Carter (R-GA)
- Jared Golden (D-ME)
- David McKinley (R-WV)
- Joe Courtney (D-CT)
- Fred Keller (R-PA)
- Glenn Thompson (R-PA)
Subjects
- Alternative and renewable resources
- Business investment and capital
- Energy efficiency and conservation
- Income tax credits
- Lighting, heating, cooling
- Residential rehabilitation and home repair
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.