LIMBER Timber Act of 2026 Leveraging Investment in Mass Building...
To amend the Internal Revenue Code of 1986 to establish the mass timber plant investment credit, the mass timber workforce development credit, and the mass timber construction credit.
HB7245 proposes to update the Internal Revenue Code by creating three new tax credits aimed at boosting the use of mass timber in the U.S. These credits are designed to encourage investment in mass timber plants, enhance workforce development in the timber industry, and incentivize construction projects that use mass timber. If passed, the bill would affect businesses involved in timber production, construction companies, and workers in the timber industry by offering them financial incentives to use mass timber.
As of the latest update on January 27, 2026, HB7245 has been introduced in the House and referred to the House Committee on Ways and Means. This means the bill is currently under review by a committee that specializes in financial and tax legislation. The bill has not yet been scheduled for a vote or further action.
The bill's key steps so far include its introduction on January 27, 2026, and its referral to the House Committee on Ways and Means on the same day. The committee will likely analyze the bill's implications, hold hearings, and possibly make amendments before deciding whether to advance it to a full House vote.
