BTU Act of 2015
Latest action · Mar 12, 2015 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 12, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Biomass Thermal Utilization Act of 2015 or the BTU Act of 2015
Amends the Internal Revenue Code to include 30% of qualified biomass fuel property expenditures made in taxable years beginning before 2021 in the residential energy efficient property tax credit. Defines "qualified biomass fuel property expenditure" as an expenditure for property which 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%.
Allows: (1) a 15% energy tax credit until 2021 for investment in open-loop biomass heating property, and (2) a 30% credit for boilers or furnaces that operate at thermal output efficiencies of at least 80% and provide thermal energy.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Mar 12, 2015 to Dec 10, 2015; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NH | Jeanne Shaheen | Original | Mar 12, 2015 |
| D-OR | Jeff Merkley | Original | Mar 12, 2015 |
| R-ME | Susan M. Collins | Original | Mar 12, 2015 |
| D-WI | Tammy Baldwin | Apr 30, 2015 | |
| R-NH | Kelly Ayotte | May 7, 2015 | |
| D-MN | Al Franken | Dec 10, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 12, 2015 |
Actions 2
Everything that happened, newest first.
- Mar 12, 2015Introduced in Senate
- Mar 12, 2015Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 3
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 114-663 | ENERGY TAX POLICY IN 2016 AND BEYOND110 pages | Finance Committee | Jun 14, 2016 |
| S. Hrg. 114-577 | NAVIGATING BUSINESS TAX REFORM109 pages | Finance Committee | Apr 26, 2016 |
| S. Hrg. 114-8 | REGULATORY RELIEF FOR COMMUNITY BANKS AND CREDIT UNIONS171 pages | Banking, Housing, and Urban Affairs Committee | Feb 12, 2015 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1145 | BTU Act of 2015 | Identical bill | Feb 26, 2015 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Titles as Introduced
- BTU Act of 2015
- Biomass Thermal Utilization Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 12, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
