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S 1007 113th Congress Senate Taxation Alternative and renewable resources Energy efficiency and conservation Income tax credits Lighting, heating, cooling Residential rehabilitation and home repair

BTU Act of 2013

Introduced: May 22, 2013 Introduced by: King, Angus S., Jr. Independent · Maine See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2013
Read twice and referred to the Committee on Finance.
May 22, 2013
Sponsor introductory remarks on measure. (CR S3763)
May 22, 2013
Introduced in Senate
 Plain-English summary Congressional Research Service

Biomass Thermal Utilization Act of 2013 or the BTU Act of 2013 - Amends the Internal Revenue Code, with respect to the tax credit for residential energy efficient property, to make qualified biomass fuel property expenditures eligible for such credit. Defines "qualified biomass fuel property expenditure" as 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%.

Allows an energy tax credit until 2017 for investment in open-loop biomass heating property, including boilers or furnaces which operate at thermal output efficiencies of not less than 65% and provide thermal energy.

What's happening now May 22, 2013

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 1 Independent 1