Solid American Hardwood Tax Credit Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3322 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3322

    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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 9, 2025

 Mr. Thompson of Pennsylvania (for himself and Ms. Sewell) 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 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 any flooring, paneling, millwork, cabinetry doors, 
        cabinetry facing, window, or skylight, 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) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
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