All Information (Except Text) for S.628 - BTU Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. King, Angus S., Jr. [I-ME] (Introduced 02/28/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 02/28/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
There is 1 version of this bill. View text
Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
BTU Act of 2019
Biomass Thermal Utilization Act of 2019
Actions Overview (1)
|02/28/2019||Introduced in Senate|
02/28/2019 Introduced in Senate
All Actions (1)
|02/28/2019||Read twice and referred to the Committee on Finance.|
Action By: Senate
02/28/2019 Read twice and referred to the Committee on Finance.
|Sen. Collins, Susan M. [R-ME]*||02/28/2019|
|Sen. Hassan, Margaret Wood [D-NH]||03/05/2019|
|Sen. Leahy, Patrick J. [D-VT]||03/05/2019|
|Sen. Shaheen, Jeanne [D-NH]||03/05/2019|
|Sen. Baldwin, Tammy [D-WI]||07/29/2019|
|Sen. Murkowski, Lisa [R-AK]||09/09/2019|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||02/28/2019||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 (02/28/2019)
Biomass Thermal Utilization Act of 2019 or the BTU Act of 2019
This bill expands the tax credit for residential energy efficient property to include 30% of qualified biomass fuel property expenditures for property placed in service before 2024. A qualified biomass fuel property expenditure is an expenditure for property that 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%.
The bill also allows (1) a 15% energy tax credit until 2024 for investment in open-loop biomass heating property, including boilers or furnaces that operate at thermal output efficiencies of at least 65% and provide thermal energy in the form of heat, hot water, or steam for space heating, air conditioning, domestic hot water, or industrial process heat; and (2) a 30% credit until 2024 for investment in such property that operates at a thermal output efficiency of at least 80%.