| 1 | 1 | | II |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 54 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to increase the limitation |
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| 6 | 6 | | on the credit for biomass stoves and boilers. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | JANUARY24 (legislative day, JANUARY3), 2023 |
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| 9 | 9 | | Mr. K |
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| 10 | 10 | | ING(for himself, Ms. COLLINS, Mrs. SHAHEEN, Ms. HASSAN, and Ms. |
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| 11 | 11 | | M |
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| 12 | 12 | | URKOWSKI) introduced the following bill; which was read twice and re- |
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| 13 | 13 | | ferred to the Committee on Finance |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Internal Revenue Code of 1986 to increase |
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| 16 | 16 | | the limitation on the credit for biomass stoves and boilers. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. INCREASED LIMITATION FOR BIOMASS STOVES 3 |
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| 20 | 20 | | AND BOILERS UNDER ENERGY EFFICIENT 4 |
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| 21 | 21 | | HOME IMPROVEMENT CREDIT. 5 |
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| 22 | 22 | | (a) I |
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| 23 | 23 | | NGENERAL.—Section 25C(b)(5) of the Internal 6 |
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| 24 | 24 | | Revenue Code of 1986 is amended— 7 |
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| 25 | 25 | | (1) by striking ‘‘shall not, in the aggregate, ex-8 |
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| 26 | 26 | | ceed’’ and all that follows and inserting the fol-9 |
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| 27 | 27 | | lowing: ‘‘shall not exceed— 10 |
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| 28 | 28 | | VerDate Sep 11 2014 03:41 Jan 31, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S54.IS S54 |
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| 29 | 29 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 30 | 30 | | •S 54 IS |
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| 31 | 31 | | ‘‘(A) with respect to amounts paid or in-1 |
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| 32 | 32 | | curred, in the aggregate, for property described 2 |
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| 33 | 33 | | in clauses (i) and (ii) of subsection (d)(2)(A), 3 |
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| 34 | 34 | | $2,000, and 4 |
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| 35 | 35 | | ‘‘(B) with respect to amounts paid or in-5 |
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| 36 | 36 | | curred, in the aggregate, for property described 6 |
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| 37 | 37 | | in subsection (d)(2)(B), $8,000.’’. 7 |
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| 38 | 38 | | (b) E |
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| 39 | 39 | | FFECTIVEDATE.—The amendment made by 8 |
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| 40 | 40 | | this section shall apply to property placed in service after 9 |
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| 41 | 41 | | December 31, 2022. 10 |
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| 42 | 42 | | Æ |
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| 43 | 43 | | VerDate Sep 11 2014 03:41 Jan 31, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S54.IS S54 |
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| 44 | 44 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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