This bill increases the allowable amount of the energy efficient home improvement tax credit for biomass stoves and boilers.
To amend the Internal Revenue Code of 1986 to increase the limitation 
             on the credit for biomass stoves and boilers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASED LIMITATION FOR BIOMASS STOVES AND BOILERS UNDER 
              ENERGY EFFICIENT HOME IMPROVEMENT CREDIT.

    (a) In General.--Section 25C(b)(5) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``shall not, in the aggregate, exceed'' and 
        all that follows and inserting the following: ``shall not 
        exceed--
                    ``(A) with respect to amounts paid or incurred, in 
                the aggregate, for property described in clauses (i) 
                and (ii) of subsection (d)(2)(A), $2,000, and
                    ``(B) with respect to amounts paid or incurred, in 
                the aggregate, for property described in subsection 
                (d)(2)(B), $8,000.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2022.
                                 <all>
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.
Official Titles - Senate
Official Title as Introduced
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the credit for biomass stoves and boilers.
Sen. King, Angus S., Jr.