WeVote
Log In

Bill

Bill

HR 6824

To amend the Internal Revenue Code of 1986 to establish a tax credit for qualified combined heat and power system property, and for other purposes.

119th Congress Introduced by Beth Van Duyne and 1 co-sponsor

Establishes a federal income tax credit for qualified combined heat and power (CHP) system property to spur on-site generation and energy efficiency.

Introduced in House
0
WeVote Research Nonpartisan
Bill Summary · HR 6824

Summary of HR 6824 (2025)

Overview

  • Bill Number: HR 6824
  • Title: To amend the Internal Revenue Code of 1986 to establish a tax credit for qualified combined heat and power system property, and for other purposes.
  • Introduced: December 17, 2025
  • Status: Introduced in the House; referred to the House Committee on Ways and Means (2025-12-17)

Purpose and Intent

  • The primary objective of HR 6824 is to promote the deployment of qualified combined heat and power (CHP) systems by creating a federal income tax credit for eligible CHP system property.
  • The bill seeks to provide financial incentives to encourage energy efficiency and on-site power generation, potentially reducing energy costs and fossil fuel use for covered facilities.

Key Provisions (High-Level)

Note: The available information specifies the general aim but does not provide detailed terms. The following reflects what is stated:
- Tax Credit Establishment: Creates a new tax credit under the Internal Revenue Code for qualified CHP system property.
- Property Eligibility: The credit would apply to CHP system property that meets specified qualifications (criteria not detailed in the provided information).
- Interaction with Tax Code: The credit would be integrated as part of the federal income tax provisions, reflecting typical tax-credit design for energy property.
- Other Purposes: The bill may include additional provisions related to energy policy or administration, though specifics are not provided here.

Because the summary does not include the precise credit amount, eligibility thresholds, phase-outs, eligible technologies, calculation method, or sunset provisions, those details would be drawn directly from the bill text upon release.

Who Would Be Affected

  • Facilities with CHP Capacity: Businesses, institutions, and other entities considering or operating combined heat and power systems that qualify under the statute.
  • Taxpayers with CHP Property: Taxpayers claiming the credit on their federal tax returns would be impacted, subject to the eligibility criteria and documentation requirements established in the bill.
  • Facilitators and Vendors: Manufacturers, installers, and developers of CHP systems may experience increased demand due to the new incentive.

Procedural and Timeline Aspects

  • Committee Action: Referred to the House Committee on Ways and Means on December 17, 2025.
  • Next Steps: After committee consideration, the bill could move to the House floor for debate and a vote, and potentially to the Senate for action. The timeline will depend on committee activity and legislative priorities.

Potential Impacts to Consider (General)

  • Economic: Could influence capital investment decisions for CHP projects, potentially improving after-tax returns and total cost of ownership.
  • Energy/Environmental: May encourage greater use of CHP to improve energy efficiency, reliability, and on-site generation, with corresponding environmental and grid implications.
  • Administration: Administrative requirements (recordkeeping, eligibility verification) will affect how taxpayers claim the credit.

Next Steps for Readers

  • Monitor updates on HR 6824 for the full text, specific credit amount, eligibility criteria, limitations, and sunset provisions.
  • Review fiscal notes and committee reports once available to assess expected federal revenue impact and implementation details.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.