Biomass Facility Construction Act

This bill changes the federal tax code to offer tax credits for building facilities that generate energy from biomass, including open-loop and closed-loop biomass. Equipment that is part of a qualifying biomass facility would count as energy property for the investment tax credit, with a credit rate of 30 percent. The bill also makes new biomass facilities eligible for the production tax credit and removes certain existing limits on that credit for these facilities. The changes apply only to facilities whose construction begins after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Kevin Kiley Independent sponsor
• 1 cosponsors