,,ii  #aaith ,,congress  #ast ,session  
,s4 #aifd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #e1 #bjbe
 ,mrs4 ,hyde-,smith 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 modify the   
energy efficient home improvement credit
 to include a credit for natural carbon 
sinks1 and for other purposes4  #a4     
,short title  ,this ,act may be cited as
 the ,solid ,american ,hardwood ,tax    
,credit ,act4  #b4  ,modification of    
energy efficient home improvement credit
  7a7  ,inclusion of credit for natural 
carbon sink expenditures  7#a7  ,in     
general  ,section #be;,c7a7 of the      
,internal ,revenue ,code of #aihf is    
amended by striking and at the end of   
paragraph 7#b71 by striking the period  
at the end of paragraph 7#c7 and        
inserting 1 and1 and by adding at the   
end the following new paragraph3  7#d7  
the amount of the natural carbon sink   

expenditures paid or incurred by the    
taxpayer during such taxable year4  4   
7#b7  ,natural carbon sink expenditures 
,section #be;,c of such ,code is amended
 by redesignating subsections 7f71 7g71 
and 7h7 as subsections 7g71 7h71 and    
7i71 respectively1 and by inserting     
after subsection 7e7 the following new  
subsection3  7f7  ,natural carbon sink  
expenditures  ,for purposes of this     
section--  7#a7  ,in general  ,the term 
natural carbon sink expenditures means  
expenditures made by the taxpayer for   
any natural carbon sink if--  7,a7 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 7within  
the meaning of section #aba71  7,b7 the 
original use of such natural carbon sink
 commences with the taxpayer1 and  7,c7 
such natural carbon sink reasonably can 
be expected to remain in use for at     
least #e years4  7#b7  ,natural carbon  

sink  ,the term natural carbon sink     
means-- 7,a7 any flooring1 paneling1    
millwork1 cabinetry doors1 or cabinetry 
facing1 or  7,b7 any frame for a window 
or skylight1  which is comprised of     
deciduous trees grown and processed in  
the ,united ,states4  4  7b7  ,extension
 of credit  ,section #be;,c7i77#b7 of   
such ,code1 as redesignated by          
subsection 7a77#b71 is amended by       
striking #bjcb and inserting #bjce4  7c7
  ,conforming amendment  ,section       
#ajaf7;a77#cc7 of such ,code is amended 
by striking section #be;,c7g7 and       
inserting section #be;,c7h74  7d7       
,effective date  ,the amendments made by
 this section shall apply to property   
placed in service after the date of the 
enactment of this ,act4  #c4            
,termination of increased credit for    
carbon oxide sequestration  7a7  ,in    
general  ,section #de,q7h7 of the       
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#f7          

,termination  ,paragraph 7#a7 shall not 
apply to any carbon capture equipment   
the construction of which begins after  
the date of the enactment of this       
paragraph 7determined without regard to 
when construction of the qualified      
facility begins74  4  7b7  ,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 ,act4