Referred to the House Committee on Ways and Means.
The bill amends the Internal Revenue Code to reinstate investment and production tax credits for open- and closed-loop biomass electricity facilities. It treats qualified property in specified biomass facilities as energy property with a 30% energy percentage for the investment tax credit and adjusts Section 45 production-credit provisions to apply to facilities beginning construction after enactment.
Liberals stress climate and forest-harvesting risks; conservatives stress jobs and energy security.
Relative to its intended legislative type, this bill performs a direct, targeted substantive change to the Internal Revenue Code by adding a 30% energy investment credit treatment for specified biomass facility property and by altering production credit timing/limitations for biomass facilities.
The bill amends the Internal Revenue Code to reinstate investment and production tax credits for open- and closed-loop biomass electricity facilities.
It treats qualified property in specified biomass facilities as energy property with a 30% energy percentage for the investment tax credit and adjusts Section 45 production-credit provisions to apply to facilities beginning construction after enactment.
Certain prior limitations are terminated for facilities whose construction begins after enactment.
Technically narrow and implementable, but revenue cost and contested policy tradeoffs lower prospects without bargaining or offsets.
Relative to its intended legislative type, this bill performs a direct, targeted substantive change to the Internal Revenue Code by adding a 30% energy investment credit treatment for specified biomass facility property and by altering production credit timing/limitations for biomass facilities. The bill identifies the statutory loci for amendment and an effective trigger (construction start), but contains drafting inconsistencies (notably unclear insertion text and conflicting date references), lacks fiscal acknowledgement, and omits oversight/accountability and many customary tax‑credit boundary provisions.
Liberals stress climate and forest-harvesting risks; conservatives stress jobs and energy security.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals stress climate and forest-harvesting risks; conservatives stress jobs and energy security.
Likely skeptical or opposed.
While acknowledging potential rural economic benefits, this persona worries the credits will incentivize increased biomass combustion and forest harvesting, undermining climate goals without strict sustainability rules.
Mixed and pragmatic.
Sees economic and energy-security arguments but wants clear environmental guardrails, fiscal offsets, and periodic review to ensure cost-effectiveness and climate alignment.
Generally favorable.
Views tax credits as pro-growth policy supporting domestic energy, rural economies, and private investment; likely to favor reestablishing incentives for biomass infrastructure.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically narrow and implementable, but revenue cost and contested policy tradeoffs lower prospects without bargaining or offsets.
The bill has not accumulated any surfaced votes yet.
Liberals stress climate and forest-harvesting risks; conservatives stress jobs and energy security.
Technically narrow and implementable, but revenue cost and contested policy tradeoffs lower prospects without bargaining or offsets.
Relative to its intended legislative type, this bill performs a direct, targeted substantive change to the Internal Revenue Code by adding a 30% energy investment credit treatment for specified biomass facility property…
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