Bill · H.R. 3322· House(119-HR-3322)
Solid American Hardwood Tax Credit Act
- Introduced
- 5/9/2025
- Last activity
- 5/9/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Glenn Thompson
- Cosponsors
- - 2 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Solid American Hardwood Tax Credit Act," aims to amend the Internal Revenue Code of 1986. It proposes to modify the existing energy efficient home improvement credit. The amendment would include a new credit for expenditures related to natural carbon sinks. These sinks are defined as specific wood products made from deciduous trees grown and processed in the United States. Additionally, the bill seeks to extend the expiration date of certain credit provisions.
Yes· 3 of 14
Does this cut taxes for middle-income families?+3
The bill provides a new tax credit for home improvement expenditures, which can reduce the tax burden for homeowners.
Does this cut the pollution that drives climate change?+3
The bill encourages the use of natural carbon sinks, which aids in carbon sequestration.
Would middle-income households be better off under this?+2
The tax credit provides a financial incentive for homeowners to improve their primary residences.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
New Tax Credit Opportunity: Taxpayers can receive a credit for "natural carbon sink expenditures" under Section 25C(a)(4). This applies to expenditures for items like flooring, paneling, millwork, cabinetry, windows, or skylights.
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Support for Domestic Products: The credit is specifically tied to products made from deciduous trees that are grown and processed in the United States, as defined in Section 2(a)(2)(B).
-
Extended Credit Availability: Under Section 2(b), the bill extends the expiration date of the existing credit from 2032 to 2035.
Potential Negative Impacts for People
-
Specific Eligibility Restrictions: To qualify for the credit, the natural carbon sink must be installed in a dwelling unit that is the taxpayer's principal residence, which is owned and used by the taxpayer, per Section 2(a)(2)(A).
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Requirement for Long-term Use: The taxpayer must ensure the natural carbon sink is reasonably expected to remain in use for at least 5 years to meet the requirements of Section 2(a)(2)(1)(C).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+2Good For Middle Class Households+2Good For Rural Residents+2Good For Farmers+1Good For High Income Households+1Good For High Net Worth Individuals+1Good For Union Workers+1
- Economy And Finance
- Reduces Middle Class Taxes+3Increases Job Creation+2Improves Economic Growth+1Improves Small Business Support+1
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+3Improves Rural Development+2Improves Environmental Protections+1
- 6/9/2025
- 1 Cosponsor added.
- 5/19/2025
- 1 Cosponsor added.
- 5/9/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Diana HarshbargerRepublican · Tennessee
Mike KellyRepublican · Pennsylvania
Terri SewellDemocrat · Alabama