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Internal Revenue Code of 1986

The main body of tax laws in the United States, which this bill proposes to change.

Tax credit

A direct reduction in the amount of tax owed, dollar for dollar, rather than a deduction that reduces taxable income.

Biomass stoves and boilers

Heating appliances that burn organic material like wood, pellets, or corn to produce heat or hot water.

Open-loop biomass

Organic materials not from a dedicated energy crop, such as wood waste, agricultural waste, or municipal solid waste, used as fuel.

Thermal energy

Heat energy used for purposes like space heating, hot water, or industrial processes.

Investment Tax Credit (ITC)

A tax credit typically given to businesses for investments in certain types of property or equipment.

Electrostatic precipitator

A device that uses an electric field to remove dust and other particulate matter from exhaust gases, improving air quality.