HR. 615In Committee
To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.
Establishes a refundable tax credit of up to $350 for gas and electricity costs paid for a taxpayer's primary residence, subject to income and eligibility limits
Plain-English overview
What this bill does
Establishes a refundable tax credit of up to $350 for gas and electricity costs paid for a taxpayer's primary residence, subject to income and eligibility limits
Key points
- Establish refundable energy cost credit
- Require landlord utility cost reporting
- Limit credit by income thresholds
Current status
Where it stands
Status
In Committee
Latest action
2025-01-22 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedEnergy pricesIncome tax creditsLandlord and tenantPublic utilities and utility ratesTaxation