Energy Burden Tax Credit Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7044 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7044 To amend the Internal Revenue Code of 1986 to establish the energy burden credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 13, 2026 Mr. Pappas (for himself and Mr. Lawler) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish the energy burden credit. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Energy Burden Tax Credit Act''. SEC. 2. ENERGY BURDEN CREDIT. (a) In General.--Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: ``SEC. 36C. ENERGY BURDEN CREDIT. ``(a) Allowance of Credit.--In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 75 percent of qualified energy expenses of such individual for such taxable year. ``(b) Qualified Energy Expenses.--For purposes of this section, the term `qualified energy expenses' means so much of the amounts paid or incurred by the taxpayer for fuel or electricity to heat or cool the taxpayer's principal residence (as such term is used in section 121) as exceeds 3 percent of the modified adjusted gross income of such taxpayer for the taxable year, determined without regard to any amount which is reimbursed or provided as a subsidy by any governmental program. ``(c) Limitations.-- ``(1) Dollar limitation.--The credit allowed under subsection (a) shall not exceed $1,500 ($3,000 in the case of a joint return). ``(2) Income limita