Expressing support for the designation of July 2025 as "American Grown Flower and Foliage Month".
- Last Action
- 7/29/2025
Actions
- 2025-01-22Referred to the House Committee on Ways and Means.
- 2025-01-22Introduced in House
- 2025-01-22Introduced in House
CRS Summary
As of 2025-01-22 (00)
This bill increases the limit on the energy efficient home improvement tax credit to $4,000 (from $2,000) for the cost of an electric or natural gas heat pump, an electric or natural gas heat pump water heater, a biomass stove, or a biomass boiler.
Under current law, a taxpayer may claim a nonrefundable tax credit of 30% of the cost, up to $2,000, for an electric or natural gas heat pump, an electric or natural gas heat pump water heater, a biomass stove, or a biomass boiler for a principal residence. (Under current law, taxpayers may also claim a nonrefundable tax credit of 30% of the costs, up to $1,200, for certain other eligible energy-efficient property such that some taxpayers may qualify for a maximum tax credit of $3,200.)
Subjects
- Alternative and renewable resources
- 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.