[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2715 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 2715
To amend the Internal Revenue Code of 1986 to include biomass heating
appliances for tax credits available for energy-efficient building
property and energy property.
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IN THE HOUSE OF REPRESENTATIVES
July 17, 2013
Mr. Michaud (for himself and Mr. Welch) 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 include biomass heating
appliances for tax credits available for energy-efficient building
property and energy property.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Biomass Thermal Utilization Act of
2013'' or the ``BTU Act of 2013''.
SEC. 2. RESIDENTIAL ENERGY-EFFICIENT PROPERTY CREDIT FOR BIOMASS FUEL
PROPERTY EXPENDITURES.
(a) Allowance of Credit.--Subsection (a) of section 25D of the
Internal Revenue Code of 1986 is amended--
(1) by striking ``and'' at the end of paragraph (4),
(2) by striking the period at the end of paragraph (5) and
inserting ``, and'', and
(3) by adding at the end the following new paragraph:
``(6) 30 percent of the qualified biomass fuel property
expenditures made by the taxpayer during such year.''.
(b) Qualified Biomass Fuel Property Expenditures.--Subsection (d)
of section 25D of the Internal Revenue Code of 1986 is amended by
adding at the end the following new paragraph:
``(6) Qualified biomass fuel property expenditure.--
``(A) In general.--The term `qualified biomass fuel
property expenditure' means an expenditure for
property--
``(i) which uses the burning of biomass
fuel to heat a dwelling unit located in the
United States and used as a residence by the
taxpayer, or to heat water for use in such a
dwelling unit, and
``(ii) which has a thermal efficiency
rating of at least 75 percent (measured by the
higher heating value of the fuel).
``(B) Biomass fuel.--For purposes of this section,
the term `biomass fuel' means any plant-derived fuel
available on a renewable or recurring basis, including
agricultural crops and trees, wood and wood waste and
residues, plants (including aquatic plants), grasses,
residues, and fibers. Such term includes densified
biomass fuels such as wood pellets.''.
(c) Effective Date.--The amendments made by this section shall
apply to expenditures paid or incurred in taxable years beginning after
December 31, 2013.
SEC. 3. INVESTMENT TAX CREDIT FOR BIOMASS HEATING PROPERTY.
(a) In General.--Subparagraph (A) of section 48(a)(3) is amended by
striking ``or'' at the end of clause (vi), by inserting ``or'' at the
end of clause (vii), and by inserting after clause (vii) the following
new clause:
``(viii) open-loop biomass (within the
meaning of section 45(c)(3)) heating property,
including boilers or furnaces which operate at
thermal output efficiencies of not less than 65
percent (measured by the higher heating value
of the fuel) and which provide thermal energy
in the form of heat, hot water, or steam for
space heating, air conditioning, domestic hot
water, or industrial process heat, but only
with respect to periods ending before January
1, 2017,''.
(b) 30 Percent and 15 Percent Credits.--
(1) In general.--Subparagraph (A) of section 48(a)(2) is
amended--
(A) by redesignating clause (ii) as clause (iii),
(B) by inserting after clause (i) the following new
clause:
``(ii) except as provided in clause (i)(V),
15 percent in the case of energy property
described in paragraph (3)(A)(viii), and'', and
(C) by inserting ``or (ii)'' after ``clause (i)''
in clause (iii), as so redesignated.
(2) Increased credit for greater efficiency.--Clause (i) of
section 48(a)(2)(A) is amended by striking ``and'' at the end
of subclause (III) and by inserting after subclause (IV) the
following new subclause:
``(V) energy property described in
paragraph (3)(A)(viii) which operates
at a thermal output efficiency of not
less than 80 percent (measured by the
higher heating value of the fuel),''.
(c) Effective Date.--The amendments made by this section shall
apply to periods after the date of the enactment of this Act, in
taxable years ending after such date, under rules similar to the rules
of section 48(m) of the Internal Revenue Code of 1986 (as in effect on
the day before the date of the enactment of the Revenue Reconciliation
Act of 1990).
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