,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #fbh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #bh1 #bjai,mr4
 ,k+ 7= himself & ,ms4 ,coll9s7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to include biomass
 heat+ appliances = tax cr$its available
 = en]gy-effici5t build+ prop]ty & en]gy
 prop]ty4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,biomass ,!rmal            
,utilization ,act ( #bjai or ! ,,btu    
,act ( #bjai4  #b4 ,resid5tial          
en]gy-effici5t prop]ty cr$it = biomass  
fuel prop]ty exp5ditures  7a7 ,all[ance 
( cr$it ,section #be;,d7a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$--  7#a7 9
 p>agraph 7#d71 by /rik+ & at ! end1    
7#b7 9 p>agraph 7#e71 by add+ & at !    
end1 &  7#c7 by ins]t+ aft] p>agraph    
7#e7 ! foll[+3  7#f7 ! qualifi$ biomass 
fuel prop]ty exp5ditures1  4  7b7       
,qualifi$ biomass fuel prop]ty          
exp5ditures ,section #be;,d7d7 ( su*    

,code is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#f7 ,qualifi$ biomass  
fuel prop]ty exp5diture  7,a7 ,9 g5]al  
,! t]m qualifi$ biomass fuel prop]ty    
exp5diture means an exp5diture =        
prop]ty--  7i7 :i* uses ! burn+ (       
biomass fuel to heat a dwell+ unit      
locat$ 9 ! ,unit$ ,/ates & us$ z a      
resid5ce by ! taxpay]1 or to heat wat] =
 use 9 su* a dwell+ unit1 &  7ii7 :i*   
has a !rmal effici5cy rat+ ( at lea/ #ge
 p]c5t 7measur$ by ! high] heat+ value (
 ! fuel74  7,b7 ,biomass fuel ,=        
purposes ( ?is section1 ! t]m biomass   
fuel means any plant-d]iv$ fuel         
available on a r5ewable or recurr+      
basis1 includ+ agricultural crops &     
trees1 wood & wood wa/e & residues1     
plants 7includ+ aquatic plants71        
grasses1 residues1 & fib]s4 ,su* t]m    
includes d5sifi$ biomass fuels su* z    
wood pellets4  4  7c7 ,applicable       
p]c5tage ,subsection 7g7 ( section      
#be;,d ( su* ,code is am5d$-- 7#a7 by   
r$esignat+ p>agraphs 7#a71 7#b71 & 7#c7 

z subp>agraphs 7,a71 7,b71 & 7,c71      
respectively1 & by mov+ su* subp>agraphs
 7z s r$esignat$7 #b ems to ! "r1  7#b7 
by /rik+ ,= purposes ( & ins]t+ !       
foll[+3  7#a7 ,9 g5]al ,except z provid$
 "u p>agraph 7#b71 = purposes (  1 &    
7#c7 by add+ at ! end ! foll[+3  7#b7   
,applicable p]c5tage = qualifi$ biomass 
fuel prop]ty exp5ditures ,9 ! case ( any
 qualifi$ biomass fuel prop]ty          
exp5ditures made by ! taxpay] dur+ !    
taxable ye>1 ! applicable p]c5tage %all 
be #cj p]c5t4  4  7d7 ,t]m9ation        
,subsection 7h7 ( section #be;,d ( su*  
,code is am5d$ to read z foll[s3  7h7   
,t]m9ation  7#a7 ,9 g5]al ,except z     
provid$ "u p>agraph 7#b71 ! cr$it all[$ 
"u ?is section %all n apply to prop]ty  
plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4
  7#b7 ,application to qualifi$ biomass 
fuel prop]ty ,9 ! case ( prop]ty        
describ$ 9 subsection 7d77#f71 ! cr$it  
all[$ "u ?is section %all n apply to    
prop]ty plac$ 9 s]vice aft] ,decemb]    
#ca1 #bjbc4  4  7e7 ,effective date ,!  

am5dm5ts made by ?is section %all apply 
to exp5ditures paid or incurr$ 9 taxable
 ye>s beg9n+ aft] ,decemb] #ca1 #bjah4  
#c4 ,inve/m5t tax cr$it = biomass heat+ 
prop]ty  7a7 ,9 g5]al ,section          
#dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$-- 7#a7 by /rik+  
or at ! end ( clause 7vi71  7#b7 by add+
 or at ! end ( clause 7vii71 &  7#c7 &  
by ins]t+ aft] clause 7vii7 ! foll[+ new
 clause3  7viii7 op5-loop biomass 7)9 ! 
mean+ ( section #de7;c77#c77 heat+      
prop]ty1 includ+ boil]s or furnaces t   
op]ate at !rmal output effici5cies ( n  
less ?an #fe p]c5t 7measur$ by ! high]  
heat+ value ( ! fuel7 & t provide !rmal 
en]gy 9 ! =m ( heat1 hot wat]1 or /eam =
 space heat+1 air condition+1 dome/ic   
hot wat]1 or indu/rial process heat1  4 
7b7 #cj p]c5t & #ae p]c5t cr$its  7#a7  
,en]gy p]c5tage  7,a7 ,9 g5]al ,section 
#dh7;a77#b77;,a7 ( su* ,code is am5d$-- 
7i7 by /rik+ & at ! end ( clause        
7i77,,iv71  7ii7 by r$esignat+ clause   
7ii7 z clause 7iii71 &  7iii7 by ins]t+ 

aft] clause 7i7 ! foll[+ new clause3    
7ii7 9 ! case ( en]gy prop]ty describ$ 9
 p>agraph 7#c77;,a77viii7 ! con/ruction 
( :i* beg9s be=e ,janu>y #a1 #bjbd1 #ae 
p]c5t 7#cj p]c5t 9 ! case ( any su*     
prop]ty :i* op]ates at a !rmal output   
effici5cy ( n less ?an #hj p]c5t        
7measur$ by ! high] heat+ value ( !     
fuel771 &  4  7,b7 ,con=m+ am5dm5t      
,section #dh7;a77#b77;,a77iii7 ( su*    
,code1 z s r$esignat$1 is am5d$ by      
ins]t+ or 7ii7 aft] clause 7i74  7c7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to p]iods aft]       
,decemb] #ca1 #bjah1 9 taxable ye>s end+
 aft] su* date1 "u rules simil> to !    
rules ( section #dh7m7 ( ! ,int]nal     
,rev5ue ,code ( #aihf 7z 9 effect on !  
day be=e ! date ( ! enactm5t ( ! ,rev5ue
 ,reconciliation ,act ( #aiij74