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S. 1964119th CongressIn committeeLatest action Jun 5, 2025Decoded by AI · checked against the record
Official title: Solid American Hardwood Tax Credit Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
S. 1964 adds a home tax credit for American hardwood products and ends a stronger carbon capture tax credit.
35-second read · 4 questions answered below
S. 1964 would expand an existing home energy-efficiency tax credit to cover hardwood flooring, paneling, cabinetry, and window frames made from U.S.-grown deciduous trees. It would also extend the overall credit program, currently set to expire in 2032, out to 2035. Separately, it ends an increased tax credit for companies building carbon capture equipment after enactment.
Homeowners installing qualifying American hardwood products in their primary residence, the U.S. hardwood lumber industry, and energy and industrial companies planning carbon capture projects.
The change could lower tax bills for homeowners using domestic hardwood and boost demand for U.S.-grown wood, while making new carbon capture projects less financially attractive going forward.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Finance.