Biomass Facility Construction Act
To amend the Internal Revenue Code of 1986 to provide investment and production credits for open- and closed-loop biomass facilities.
This bill aims to change the Internal Revenue Code to offer special tax credits for businesses that invest in or produce energy using biomass. Biomass facilities can be open-loop, which use natural organic waste, or closed-loop, which use controlled organic sources. The tax credits would help businesses that are interested in using biomass technology to lower their investment costs and encourage more production of energy from biomass.
These tax credits would directly affect businesses involved in biomass energy. By making it cheaper to invest in or produce energy from biomass, the bill hopes to boost the use of this renewable energy source, potentially leading to more jobs and less reliance on fossil fuels.
HB9746 was introduced in the House on July 16, 2026, and has been referred to the House Committee on Ways and Means for further review. As of now, no additional steps have been taken. The bill is in its early stages, and the committee will decide its next steps.
