Authorizes a personal income tax deduction for expenses paid during the taxable year by a qualified taxpayer attributable to the cost of residential heating, including, but not limited to amounts paid for fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene and any other fuel used to heat such taxpayer's primary residence.
"Energy Cost Reduction Act"; exempts purchases of natural gas and electricity for residential customers from sales and use tax.
Agricultural Environmental Stewardship Act of 2025This bill extends for one year the energy investment tax credit for qualified biogas property (property that converts biomass into methane and captures the gas for sale or productive use).Under the bill, the energy investment tax credit (as part of the general business tax credit) is allowed for investments in qualified biogas property for which construction begins on or before December 31, 2025. (Under current law, to qualify for the tax credit, construction of qualified biogas property must begin on or before December 31, 2024.)
A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.
Revise oil and natural gas severance tax; electric bill credit
Exempts purchases of natural gas and electricity for residential customers from sales and use tax.
Revenue and taxation; income tax; deduction; potable water; natural gas; electricity; effective date.
Exempts purchases of natural gas and electricity for residential customers from sales and use tax.
This bill expands the definition of a qualifying child to include a stillborn child for purposes of the child tax credit. (Under current law, taxpayers may claim a tax credit of up $2,000 for each qualifying child.)Under the bill, a stillborn child is an unborn child (1) carried in the womb for a gestational period of 20 weeks or more, and (2) delivered after the spontaneous intrauterine fetal demise of the child.
Repeals the authority for sales of electricity and gas by entities (ESCOs) other than electric or natural gas distribution companies.