CONGRESS FOR VOTERS

DemocratBill · H.R. 616· House(119-HR-616)

To amend the Internal Revenue Code of 1986 to double the dollar limitation for the energy efficient home improvement credit with respect to heat pumps, heat pump water heaters, biomass stoves, and boilers.

Rep. Gottheimer
Age: 51 years
New Jersey
Introduced
1/22/2025
Last activity
1/22/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Josh Gottheimer
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Internal Revenue Code of 1986. It aims to double the dollar limitation for the energy efficient home improvement credit. Specifically, it targets the credit limits for heat pumps, heat pump water heaters, biomass stoves, and boilers. The change would increase the limit from $2,000 to $4,000. This amendment would apply to taxable years beginning after December 31, 2024.

Yes· 3 of 7

  • Would middle-income households be better off under this?+5

    The bill provides significant tax relief for middle-income homeowners upgrading to efficient appliances.

  • Does this cut taxes for middle-income families?+5

    The bill doubles the tax credit amount for energy efficient home improvements, providing more relief to middle-income homeowners.

  • Does this put more money into wind, solar and other renewable power?+4

    The bill incentivizes the adoption of heat pumps and biomass technology through increased tax credits.

The opposite

No question was scored the opposite.