H.R. 616 — Introduced in House

I 119th CONGRESS 1st Session H. R. 616 IN THE HOUSE OF REPRESENTATIVES January 22, 2025Mr. Gottheimer 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 double the dollar limitation for the energy efficient home improvement credit with respect to heat pumps, heat pump water heaters, biomass stoves, and boilers. 1. Increased limitation for heat pump and heat pump water heaters; biomass stoves and boilers (a) In general Section 25C(b)(5) of the Internal Revenue Code of 1986 is amended by striking $2,000 and inserting $4,000. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2024.