Factsheet: BTUA

A bill to amend the Internal Revenue Code of 1986 to include biomass heating appliances for tax credits available for energy-efficient building property and energy property. Regulation concerns: residential energy-efficient property credit for biomass fuel property expenditures (expenditure for property (i) which uses the burning of biomass fuel to heat a dwelling unit located in the United States and used as a residence by the taxpayer, or to heat water for use in such a dwelling unit, and ‘(ii) which has a thermal efficiency rating of at least 75 percent). investment tax credit for biomass heating property (open-loop biomass heating property, including boilers or furnaces which operate at thermal output efficiencies of not less than 65 percent (measured by the higher heating value of the fuel) and which provide thermal energy in the form of heat, hot water, or steam for space heating, airconditioning, domestic hot water, or industrial process heat).