H.R. 3322

119th CONGRESS 1st Session

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 · Sponsor: Mr. Thompson of Pennsylvania · Committee: Committee on Ways and Means

Table of contents

• H.R. 3322
  • SEC. 1. Short title
  • SEC. 2. Modification of energy efficient home improvement credit

SEC. 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
    • of the Internal Revenue Code of 1986 is amended by striking 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: Section 25C(a)
      • the amount of the natural carbon sink expenditures paid or incurred by the taxpayer during such taxable year.
  • (2) Natural carbon sink expenditures
    • (f) Natural carbon sink expenditures
      • For purposes of this section—
      • (1) In general
        • The term means expenditures made by the taxpayer for any natural carbon sink if— natural carbon sink expenditures
          • 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),
          • the original use of such natural carbon sink commences with the taxpayer, and
          • such natural carbon sink reasonably can be expected to remain in use for at least 5 years.
      • (2) Natural carbon sink
        • The term means any flooring, paneling, millwork, cabinetry doors, cabinetry facing, window, or skylight, comprised of deciduous trees grown and processed in the United States. natural carbon sink
    • 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:
• (b) Extension of credit
  • Section 25C(i)(2) of such Code, as redesignated by subsection (a)(2), is amended by striking and inserting .
• (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.