S 628
BTU Act of 2019
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Biomass Thermal Utilization Act of 2019 (BTU Act) aims to encourage the use of biomass fuels for heating by expanding tax credits for energy-efficient building properties. Specifically, it allows homeowners and businesses to claim a tax credit for investments in biomass heating systems, with a higher percentage (30%) for systems meeting certain efficiency standards. The bill also introduces a separate tax credit (15%) for open-loop biomass heating systems that begin construction before 2024, and a 30% credit for those with higher efficiency ratings.
Sponsors
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Primary sponsor
Angus S., Jr. King
Cosponsors
Patrick J. Leahy
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