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S 1191 117th Congress Senate Taxation Alternative and renewable resources Business investment and capital Energy efficiency and conservation Income tax credits Lighting, heating, cooling Residential rehabilitation and home repair

BTU Act of 2021

Introduced: April 15, 2021 Introduced by: King, Angus S., Jr. Independent · Maine See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Read twice and referred to the Committee on Finance.
Apr 15, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Biomass Thermal Utilization Act of 2021 or the BTU Act of 2021

This bill expands the 30% energy tax credit to include open-loop biomass heating property and extends the residential energy efficient property tax credit for five years.

The bill defines open-loop biomass heating property as any property that uses open-loop biomass to produce thermal energy in the form of heat, hot water, hot air, or steam and is used for space heating, air conditioning, domestic hot water, or industrial process heat, but does not include any boiler or furnace unless they operate at thermal output efficiencies of at least 75% and are installed indoors.

What's happening now April 15, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1