Senate Bill 4974
116th Congress(2019-2020)
Air Source Heat Pump Act of 2020
Introduced
Introduced in Senate on Dec 8, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4974
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Air Source Heat Pump Act of 2020
This bill allows a new refundable tax credit for qualified air source heat pump expenditures. The bill defines qualified air source heat pump expenditures as expenditures for property that uses an air source heat pump to heat and cool a dwelling unit located in the United States and used as the taxpayer's principal residence. The air source heat pump must also meet specified performance and other requirements.
December 8, 2020
12/08/2020
Read twice and referred to the Committee on Finance.
12/08/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:43:49 PM