legislation

H.B. 4484, sponsored by Rep. John Espinoza (D-Croswell), was introduced on March 3, 2009 and was referred to the Committee on Energy and Technology. This legislation would provide a tax incentive for manufacturers of corn-burning stoves or boilers. To view a draft copy of the legislation, click here.

H.B. 4485, sponsored by Rep. Mary Valentine (D-Muskegon), was introduced on March 3, 2009 and was referred to the Committee on Energy and Technology. This legislation would provide a credit for the purchase and installation of certain residential renewable energy systems, include corn stoves. To view a draft copy of the legislation, click here.

On February 17, 2009 President Obama signed into law, H.R. 1, the American and Reinvestment Act (ARRA). The tax credit is a 30% tax credit of up to $1500 total over a two year period (2009-2010) for the purchase of a 75% efficient biomass-burning appliance. The credit applies to the purchase of the stove as well as installation. The credit is for new equipment, in an existing principle residence, owned and used where the tax-payer is the original owner of the stove. For more information, click here.