S.1964

Solid American Hardwood Tax Credit Act modifies the energy efficient home improvement credit to include a credit for natural carbon sinks.

The Solid American Hardwood Tax Credit Act amends the Internal Revenue Code to modify the energy efficient home improvement credit. It includes a credit for natural carbon sink expenditures, defined as certain flooring, paneling, millwork, cabinetry, and window or skylight frames made from deciduous trees grown and processed in the United States. The credit applies to expenditures made for natural carbon sinks installed in a taxpayer's principal residence, used by the taxpayer from the start, and expected to remain in use for at least five years.