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Senate Bill 54
118th Congress(2023-2024)
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.
Introduced
Introduced
Introduced in Senate on Jan 24, 2023
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Introduced in Senate 
Jan 24, 2023
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Introduced in Senate(Jan 24, 2023)
Jan 24, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 54 (Introduced-in-Senate)


118th CONGRESS
1st Session
S. 54


To amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.

IN THE SENATE OF THE UNITED STATES

January 24 (legislative day, January 3), 2023

Mr. King (for himself, Ms. Collins, Mrs. Shaheen, Ms. Hassan, and Ms. Murkowski) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to increase the limitation on the credit for 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. Increased limitation for biomass stoves and boilers under energy efficient home improvement credit.

(a) In general.—Section 25C(b)(5) of the Internal Revenue Code of 1986 is amended—

(1) by striking “shall not, in the aggregate, exceed” and all that follows and inserting the following: “shall not exceed—

“(A) with respect to amounts paid or incurred, in the aggregate, for property described in clauses (i) and (ii) of subsection (d)(2)(A), $2,000, and

“(B) with respect to amounts paid or incurred, in the aggregate, for property described in subsection (d)(2)(B), $8,000.”.

(b) Effective date.—The amendment made by this section shall apply to property placed in service after December 31, 2022.