Have You Heard of the Biomass Stove Tax Credit? It Could Mean Money In Your Pocket

Have you heard of the Biomass Stove Tax Credit?

A Federal tax credit on 75 percent efficient biomass heating appliances which expired on December 31, 2011 has been reinstated by the “fiscal cliff” legislation, the American Taxpayer Act of 2012 (H.R.8), and signed by President Obama on January 2, 2013. The bill includes a “tax extender” for Internal Revenue Service Section 25C which provides a tax credit for, among many other things, qualifying biomass burning stoves.  The extender provides a 10 percent tax credit of up to $300 on a qualifying biomass heating appliance purchased between January 1, 2012 and December 31, 2013.

For more information, please head the HPBA website at http://www.hpba.org/government-affairs/major-projects/25c-tax-credit or by clicking here

 

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