Bills · HR 615
IN COMMITTEE· 119TH CONGRESS
House BillHR 615Income tax creditsPublic utilities and utility rates
To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.
INTRO JAN 22· LAST ACTION JAN 22
READING
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly addresses the financial burden of energy costs, which can be a significant part of household budgets, especially during periods of high inflation or extreme weather. If this bill becomes law, eligible individuals could receive up to $350 back on their taxes, providing some relief from utility bills, which could free up funds for other necessities.
If the bill does not become law, there would be no federal tax credit specifically for gas and electricity costs, and households would continue to bear the full cost of their energy bills without this particular financial support. The bill's refundable nature means it could help low-income individuals who may not owe enough in taxes to benefit from a non-refundable credit, making it a more inclusive form of financial assistance.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a new refundable tax credit for individuals, capped at $350, for amounts paid for gas and electricity for their primary residence.
This provides direct financial relief to households struggling with energy costs, with the refundable nature ensuring even those with little to no tax liability can benefit.
PROVISION 02
Defines 'qualified energy costs' to include payments directly to a utility or costs included in rent for a primary residence.
This ensures both homeowners and renters who pay for their utilities are eligible, broadening the impact of the credit.
PROVISION 03
Sets income limitations for eligibility: $400,000 for joint filers and $200,000 for all other individuals based on modified adjusted gross income.
These limits target the credit to middle- and lower-income households, ensuring the benefit goes to those considered to need it most.
PROVISION 04
Requires landlords who include utility costs in rent to provide annual statements to tenants and the IRS by January 31st detailing these energy expenses.
This provision enables renters to claim the credit and provides necessary documentation for tax purposes, while also creating a new administrative task for landlords.
SPONSORSHIP
1 + 0
D· New Jersey
YRS IN OFFICE
9
BILLS LED
93
ACTION TIMELINE
2 EVENTSJAN 22
Introduced in House
JAN 22
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 615
Congress119th
StatusIn Committee
IntroducedJan 22, 2025
Last actionJan 22, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 22, 2025
House BillHR 615Income tax creditsPublic utilities and utility rates
To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.
INTRODUCED JAN 22, 2025· LAST ACTION JAN 22, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
0
COMPLEXITY
Moderate
