H.R.10852

Mass Timber Growth and Innovation Act amends the Internal Revenue Code to incentivize mass timber products.

The Mass Timber Growth and Innovation Act amends the Internal Revenue Code to provide incentives for mass timber products. It applies an advanced manufacturing investment credit to mass timber production facilities and extends the credit deadline to December 31, 2031. The bill also introduces a credit for qualified mass timber products research expenses, defined as research related to mass timber products or similar products identified by the Secretary.