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S. 4974

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to establish a refundable tax credit for the installation of energy efficient air source heat pumps.
About This Bill
Committee
Latest Action · December 8, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
December 8, 2020
Cosponsors (0)
None
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Summary

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Air Source Heat Pump Act of 2020 This bill allows a new refundable tax credit for qualified air source heat pump expenditures. The bill defines qualified air source heat pump expenditures as expenditures for property that uses an air source heat pump to heat and cool a dwelling unit located in the United States and used as the taxpayer's principal residence. The air source heat pump must also meet specified performance and other requirements.

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