S. 1842In Committee
Wildfire Reduction and Carbon Removal Act of 2025
Establishes a federal tax credit for carbon removal and storage using qualified forest residue biomass from wildfire hazard reduction and restoration activities
Plain-English overview
What this bill does
Establishes a federal tax credit for carbon removal and storage using qualified forest residue biomass from wildfire hazard reduction and restoration activities
Key points
- Establish tax credit
- Direct IRS standards
- Limit credits for existing projects
- Allow credit transfers
Current status
Where it stands
Status
In Committee
Latest action
2025-05-21 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation