S. 1345 · 119th Congress
America's First Fuels Act
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KingSponsor4 cosponsors · 2 D, 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill increases the federal energy efficient home improvement tax credit amount allowed for installing a biomass stove or biomass boiler in a principal residence. The bill also establishes a new federal tax credit (as part of the general business tax credit) for investments in open-loop biomass heating property.
What it does: CRS summary · Introduced in Senate · Apr 8, 2025
America's First Fuels Act
This bill increases the federal energy efficient home improvement tax credit amount allowed for installing a biomass stove or biomass boiler in a principal residence. The bill also establishes a new federal tax credit (as part of the general business tax credit) for investments in open-loop biomass heating property.
Specifically, the bill increases to $10,000 the annual maximum amount of the energy efficient home improvement tax credit allowed for installing a biomass stove or biomass boiler in a principal residence. (Under current law, taxpayers may claim a tax credit of 30% of the cost, up to an annual maximum of $2,000, to install a biomass stove, a biomass boiler, or certain other energy-efficient property in a principal residence.)
The bill also establishes a new business tax credit for 30% of the cost of any property which (1) uses open-loop biomass to produce thermal energy in the form of heat, hot water, hot air, or steam; and (2) is used for space heating, air conditioning, domestic hot water, or industrial process heat (or any combination of such uses). (Conditions apply.)
However, the tax credit is reduced for open-loop biomass heating property financed with tax-exempt bonds.
Finally, under the bill, businesses may elect to claim the tax credit for qualified open-loop biomass heating property progress expenses (expenses incurred in advance of placing such property in service) if the normal construction period for such property is two years or more and certain other conditions are met.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: America's First Fuels Act
Latest action (Apr 8, 2025): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Apr 8, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.