BTU Act of 2017

Summary

Biomass Thermal Utilization Act of 2017 or the BTU Act of 201 7 This bill amends the Internal Revenue Code to include 30% of qualified biomass fuel property expenditures for property placed in service before 2022 in the residential energy efficient property tax credit. A "qualified biomass fuel property expenditure" is an expenditure for property which uses the burning of biomass fuel (a plant-derived fuel available on a renewable or recurring basis) to heat a dwelling used as a residence, or to heat water for use in such dwelling, and which has a thermal efficiency rating of at least 75%. The bill also allows: (1) a 15% energy tax credit until 2022 for investment in open-loop biomass heating property, including boilers or furnaces that operate at thermal output efficiencies of at least 65% and provide thermal energy in the form of heat, hot water, or steam for space heating, air conditioning, domestic hot water, or industrial process heat; and (2) a 30% credit until 2022 for investment in such property that operates at a thermal output efficiency of at least 80%.

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Timeline

1. 29 June 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 29 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 June 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 June 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 June 2017

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 29 June 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Welch, Peter [D-VT] · D · Sponsor
• Rep. Kelly, Mike [R-PA-16] · R · Sponsor
• Rep. Kuster, Ann M. [D-NH-2] · D · Sponsor
• Rep. Poliquin, Bruce [R-ME-2] · R · Cosponsor
• Rep. McKinley, David B. [R-WV-1] · R · Cosponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → BTU Act of 2017