Ways and Means Committee
- Referred To
Introduced: Jan 22, 2025
Latest action date: Jan 22, 2025
Latest development
Referred to the House Committee on Ways and Means.
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
This bill increases the limit on the energy efficient home improvement tax credit to $4,000 (from $2,000) for the cost of an electric or natural gas heat pump, an electric or natural gas heat pump water heater, a biomass stove, or a biomass boiler.
Under current law, a taxpayer may claim a nonrefundable tax credit of 30% of the cost, up to $2,000, for an electric or natural gas heat pump, an electric or natural gas heat pump water heater, a biomass stove, or a biomass boiler for a principal residence. (Under current law, taxpayers may also claim a nonrefundable tax credit of 30% of the costs, up to $1,200, for certain other eligible energy-efficient property such that some taxpayers may qualify for a maximum tax credit of $3,200.)
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Official CRS policy area
Taxation
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Checked against Congress.gov Sep 13, 2026.
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Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
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