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HR 3322
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Solid American Hardwood Tax Credit Act

To amend the Internal Revenue Code of 1986 to modify the energy efficient home improvement credit to include a credit for natural carbon sinks, and for other purposes.

Introduced May 9, 2025

Latest action (May 9, 2025) Referred to the House Committee on Ways and Means.

Policy area
Issues
Economy & Taxes

Summary

The bill amends the tax code to add a new credit for homeowners who purchase and install certain wood products made from American deciduous trees. The credit covers flooring, paneling, millwork, cabinetry doors and facing, windows, and skylights that are comprised of domestically grown and processed deciduous wood. To qualify, the products must be newly installed in the taxpayer's principal residence and reasonably expected to last at least five years. The bill also extends the expiration date of the broader energy efficient home improvement credit from 2032 to 2035. The credit applies to property placed in service after the date of enactment.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Money behind the sponsor

Top reported contributors to Glenn Thompson’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $136,590
  • EMPRESAS FONALLEDAS $14,900
  • SNYDER ASSOCIATED COMPANIES $12,500
  • COINBASE $12,400
  • TOM JAMES COMPANY $11,000

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Glenn Thompson → · Outside spending →

Actions (2)

  1. May 9, 2025 Referred to the House Committee on Ways and Means. · house
  2. May 9, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Text versions (1)

  • Introduced in House · May 9, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

May 9, 2025

Mr. Thompson of Pennsylvania (for himself and Ms. Sewell) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to modify the energy efficient home improvement credit to include a credit for natural carbon sinks, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Solid American Hardwood Tax Credit Act”.

SEC. 2. MODIFICATION OF ENERGY EFFICIENT HOME IMPROVEMENT CREDIT.

(a) Inclusion of Credit for Natural Carbon Sink Expenditures.—

(1) In general.—Section 25C(a) of the Internal Revenue Code of 1986 is amended by striking “and” at the end of paragraph (2), by striking the period at the end of paragraph

(3) and inserting “, and”, and by adding at the end the following new paragraph:

“(4) the amount of the natural carbon sink expenditures paid or incurred by the taxpayer during such taxable year.”.

(2) Natural carbon sink expenditures.—Section 25C of such Code is amended by redesignating subsections (f), (g), and (h) as subsections (g), (h), and (i), respectively, and by inserting after subsection (e) the following new subsection:

“(f) Natural Carbon Sink Expenditures.—For purposes of this section—

“(1) In general.—The term ‘natural carbon sink expenditures’ means expenditures made by the taxpayer for any natural carbon sink if—

“(A) such natural carbon sink is installed on or in connection with a dwelling unit located in the United States and owned and used by the taxpayer as the taxpayer’s principal residence (within the meaning of section 121),

“(B) the original use of such natural carbon sink commences with the taxpayer, and

“(C) such natural carbon sink reasonably can be expected to remain in use for at least 5 years.

“(2) Natural carbon sink.—The term ‘natural carbon sink’ means any flooring, paneling, millwork, cabinetry doors, cabinetry facing, window, or skylight, comprised of deciduous trees grown and processed in the United States.”.

(b) Extension of Credit.—Section 25C(i)(2) of such Code, as redesignated by subsection (a)(2), is amended by striking “2032” and inserting “2035”.

(c) Effective Date.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act. <all>

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