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$300 Biomass-stove Tax Credit Reinstated for 2012–2013

A federal tax credit on 75% efficient biomass heating appliances, which expired on December 31, 2011, was reinstated by the fiscal cliff legislation, the American Taxpayer Relief Act of 2012, signed by President Obama on January 2, 2013. The bill includes a tax extender for Internal Revenue Code section 25C, which provides a tax credit for qualifying biomassburning stoves.

The extender provides a 10% tax credit of up to $300 on a qualifying biomass heating appliance purchased between January 1, 2012, and December 31, 2013. The credit claimable on the purchase or installation of qualifying biomass units has a lifetime limit of $500 (and might be affected by the purchase or installation of other products that qualify for a 25C credit).