HEATERS; BIOMASS STOVES AND BOILERS.
(a) In General.--
Introduced:
Jan 22, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
1
Summaries
6
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 22, 2025
Referred to the House Committee on Ways and Means.
Summaries (1)
Introduced in House
- Jan 22, 2025
00
<p>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.</p><p>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.)</p>
Actions (3)
Referred to the House Committee on Ways and Means.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jan 22, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 22, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 22, 2025
Subjects (6)
Alternative and renewable resources
Energy efficiency and conservation
Income tax credits
Lighting, heating, cooling
Residential rehabilitation and home repair
Taxation
(Policy Area)
Full Bill Text
Length: 1,415 characters
Version: Introduced in House
Version Date: Jan 22, 2025
Last Updated: Nov 15, 2025 6:14 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 616 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 616
To amend the Internal Revenue Code of 1986 to double the dollar
limitation for the energy efficient home improvement credit with
respect to heat pumps, heat pump water heaters, biomass stoves, and
boilers.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 22, 2025
Mr. Gottheimer introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to double the dollar
limitation for the energy efficient home improvement credit with
respect to heat pumps, heat pump water heaters, biomass stoves, and
boilers.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 616 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 616
To amend the Internal Revenue Code of 1986 to double the dollar
limitation for the energy efficient home improvement credit with
respect to heat pumps, heat pump water heaters, biomass stoves, and
boilers.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 22, 2025
Mr. Gottheimer introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to double the dollar
limitation for the energy efficient home improvement credit with
respect to heat pumps, heat pump water heaters, 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.
Section 25C
(b)
(5) of the Internal Revenue Code of
1986 is amended by striking ``$2,000'' and inserting ``$4,000''.
(b)
(5) of the Internal Revenue Code of
1986 is amended by striking ``$2,000'' and inserting ``$4,000''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>