Congress·In Committee·S. 1964
Solid American Hardwood Tax Credit Act
Hardwood Home Improvement Tax Credit
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Stalled
No legislative action in over 90 days.
Legislative Progress
Senate
Key Points
- This bill would allow homeowners to claim a tax credit for installing certain hardwood products in their main homes. This includes items like wood flooring, wall paneling, cabinets, and window frames.
- To qualify for the credit, the wood must come from deciduous trees (hardwoods) that were grown and processed in the United States. The items must be new and expected to stay in the home for at least five years.
- The bill treats these wood products as 'natural carbon sinks.' This is based on the idea that trees absorb carbon as they grow, and using that wood in a home keeps the carbon trapped instead of releasing it into the atmosphere.
- The proposal would extend the existing tax credit for energy-efficient home improvements for an extra three years, moving the expiration date from 2032 to 2035.
- To help cover the cost, the bill would end a different tax break that currently goes to industrial companies for capturing and storing carbon dioxide emissions.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jun 5, 2025
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jun 5, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Solid American Hardwood Tax Credit Act
Bill NumberS 1964
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.