Referred to the House Committee on Ways and Means.
Summary
The LIMBER Timber Act adds three new tax credits to the Internal Revenue Code: a 30% investment credit for qualified mass‑timber plants, a 50% workforce development credit for eligible manufacturers and builders, and a construction credit for mass‑timber projects. It targets companies that make, install, or design mass‑timber products and aims to grow a renewable building sector. The credits expire for tax years beginning after Dec. 31, 2030.
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