S 1964 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
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.
Summary
This bill modifies the energy efficient home improvement tax credit to include a credit for "natural carbon sink" products in the home, specifically flooring, paneling, millwork, cabinetry, and window frames made from deciduous trees grown and processed in the United States. The credit applies when these products are installed in the taxpayer's principal residence and are expected to last at least five years. The bill also extends the energy efficient home improvement credit deadline from 2032 to 2035. Additionally, the bill terminates the increased tax credit for carbon capture equipment beginning construction after 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)
Actions (2)
- Jun 5, 2025 Read twice and referred to the Committee on Finance. · senate
- Jun 5, 2025 Introduced in Senate
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.
Full text
IN THE SENATE OF THE UNITED STATES
June 5, 2025
Mrs. Hyde-Smith introduced the following bill; which was read twice and referred to the Committee on Finance
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—
“(A) any flooring, paneling, millwork, cabinetry doors, or cabinetry facing, or
“(B) any frame for a window or skylight, which is 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) Conforming Amendment.—Section 1016(a)(33) of such Code is amended by striking “section 25C(g)” and inserting “section 25C(h)”.
(d) Effective Date.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.
SEC. 3. TERMINATION OF INCREASED CREDIT FOR CARBON OXIDE SEQUESTRATION.
(a) In General.—Section 45Q(h) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(6) Termination.—Paragraph (1) shall not apply to any carbon capture equipment the construction of which begins after the date of the enactment of this paragraph (determined without regard to when construction of the qualified facility begins).”.
(b) Effective Date.—The amendment made by this section shall apply to property the construction of which begins after the date of the enactment of this Act. <all>
Comments