,,ii  #aaith ,,congress  #ast ,session  
,s4 #acde  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #h1     
#bjbe,mr4 ,king 7for himself1 ,ms4      
,collins1 and ,mrs4 ,shaheen7 introduced
 the following bill2 which was read     
twice and referred to the ,committee on 
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
increase the limitation on the credit   
for biomass stoves and boilers and to   
include biomass heating appliances in   
the energy credit4  #a4 ,short title    
,this ,act may be cited as the          
,america's ,first ,fuels ,act4  #b4     
,increased limitation for biomass stoves
 and boilers under energy efficient home
 improvement credit  7a7 ,in general    
,section #be;,c7b77#e7 of the ,internal 
,revenue ,code of #aihf is amended by   
striking shall not1 in the aggregate1   
exceed and all that follows and         
inserting the following3 shall not      
exceed-- 7,a7 with respect to amounts   
paid or incurred1 in the aggregate1 for 

property described in clauses 7i7 and   
7ii7 of subsection 7d77#b77;,a71 #b1jjj1
 and  7,b7 with respect to amounts paid 
or incurred1 in the aggregate1 for      
property described in subsection        
7d77#b77;,b71 #aj1jjj4  4  7b7          
,effective date ,the amendment made by  
this section shall apply to property    
placed in service after ,december #ca1  
#bjbe4  #c4 ,investment tax credit for  
biomass heating property  7a7 ,in       
general ,subpart ,e of part ,,iv of     
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by inserting after section      
#dh;,e the following new section3       
#dh;,f4 ,open-loop biomass heating      
property credit  7a7 ,in general ,for   
purposes of section #df1 the open-loop  
biomass heating property credit for any 
taxable year is #cj percent of the basis
 of the open-loop biomass heating       
property placed in service during such  
taxable year4  7b7 ,open-,loop biomass  
heating property ,for purposes of this  

section-- 7#a7 ,in general ,the term    
open-loop biomass heating property means
 any property which-- 7,a7 uses         
open-loop biomass 7as defined in section
 #de7;c77#c77 to produce thermal energy 
in the form of heat1 hot water1 hot air1
 or steam1 and  7,b7 is used for space  
heating1 air conditioning1 domestic hot 
water1 industrial process heat1 or any  
combination of the foregoing4  7#b7     
,requirements for boilers and furnaces  
,such term shall not include any boiler 
or furnace unless such boiler or        
furnace-- 7,a7 operates at thermal      
output efficiencies of not less than #ge
 percent 7measured by the lower heating 
value of the fuel at nominal output71   
7,b7 is installed indoors1  7,c7        
operates at a scale smaller than #ej    
,m,m,btu1 and  7,d7 is equipped with an 
electrostatic precipitator or other     
similar emissions control technology4   
7c7 ,other rules  7#a7 ,special rule for
 property financed by tax-exempt bonds  
,rules similar to the rule under section

 #de7;b77#c7 shall apply for purposes of
 this section4  7#b7 ,certain ,progress 
,expenditure ,rules ,made ,applicable   
,rules similar to the rules of          
subsections 7c77#d7 and 7d7 of section  
#df 7as in effect on the day before the 
date of the enactment of the ,revenue   
,reconciliation ,act of #aiij7 shall    
apply for purposes of subsection 7a74  4
  7b7 ,conforming amendments  7#a7      
,section #df of such ,code is amended by
 striking and at the end of paragraph   
7#f71 by striking the period at the end 
of paragraph 7#g7 and inserting 1 and1  
and by adding at the end the following  
new paragraph3  7#h7 the open-loop      
biomass heating property credit4  4     
7#b7 ,section #di7;a77#a77;,c7 of such  
,code is amended by striking and at the 
end of clause 7vii71 by striking the    
period at the end of clause 7viii71 and 
by adding at the end the follow new     
clause3  7ix7 the basis of any open-loop
 biomass heating property credit4  4    
7#c7 ,section #ej7;a77#b77;,e7 of such  

,code is amended by striking or         
#dh;,e7e7 and inserting #dh;,e7e71 or   
#dh;,f7c77#b74  7#d7 ,the table of      
sections for subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of subtitle 
,a of such ,code is amended by adding at
 the end the following new item3  ,sec4 
#dh;,f4 ,open-loop biomass heating      
property credit4  4  7c7 ,effective date
 ,the amendments made by this section   
shall apply to periods after ,december  
#ca1 #bjbe1 in taxable years ending     
after such date1 under rules similar to 
the rules of section #dh7m7 of the      
,internal ,revenue ,code of #aihf 7as in
 effect on the day before the date of   
the enactment of the ,revenue           
,reconciliation ,act of #aiij74