H.R. 3107 would amend the Internal Revenue Code of 1986 to provide a credit for residential biomass fuel property expenditures.

== Detailed Summary ==

<summary>
(Log in to editRenewable Energy Tax Parity Act of 2007 - Amends the wiki and be the firstInternal Revenue Code to provideallow a detailed summaryresidential energy efficient property tax credit for 30% of a qualified biomass fuel property expenditure. Defines &quot;qualified biomass fuel property expenditure&quot; as an expenditure for property which uses the bill!)burning of biomass fuel (any renewable plant-derived fuel) to heat a residence and which has a thermal efficiency rating of at least 75%.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 7/19/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
</status>

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== Points in Favor ==

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== Points Against ==

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