All Information (Except Text) for S.1007 - BTU Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. King, Angus S., Jr. [I-ME] (Introduced 05/22/2013)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/22/2013 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
BTU Act of 2013
Biomass Thermal Utilization Act of 2013
Actions Overview (1)
|05/22/2013||Introduced in Senate|
05/22/2013 Introduced in Senate
All Actions (2)
|05/22/2013||Read twice and referred to the Committee on Finance.|
Action By: Senate
|05/22/2013||Sponsor introductory remarks on measure. (CR S3763)|
Action By: Senate
05/22/2013 Read twice and referred to the Committee on Finance.
05/22/2013 Sponsor introductory remarks on measure. (CR S3763)
|Sen. Collins, Susan M. [R-ME]*||05/22/2013|
|Sen. Shaheen, Jeanne [D-NH]||06/04/2013|
|Sen. Franken, Al [D-MN]||07/24/2013|
|Sen. Sanders, Bernard [I-VT]||07/24/2013|
|Sen. Merkley, Jeff [D-OR]||09/09/2013|
|Sen. Begich, Mark [D-AK]||12/17/2013|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||05/22/2013||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (05/22/2013)
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.