Mass Timber Growth and Innovation Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10852 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                               H. R. 10852

 To amend the Internal Revenue Code of 1986 to provide incentives for 
             mass timber products, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            October 19, 2026

 Ms. Salinas (for herself and Mr. Thompson of Pennsylvania) 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 provide incentives for 
             mass timber products, and for other purposes.

    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 ``Mass Timber Growth and Innovation 
Act''.

SEC. 2. APPLICATION OF ADVANCED MANUFACTURING INVESTMENT CREDIT TO MASS 
              TIMBER PRODUCTION FACILITIES AND EXTENSION OF CREDIT.

    (a) Application of Credit to Mass Timber Production Facilities.--
Section 48D(b)(3) of the Internal Revenue Code of 1986 is amended to 
read as follows:
            ``(3) Advanced manufacturing facility.--For purposes of 
        this section--
                    ``(A) In general.--The term `advanced manufacturing 
                facility' means a facility for which the primary 
                purpose is the manufacturing of--
                            ``(i) semiconductors or semiconductor 
                        manufacturing equipment, or
                            ``(ii) mass timber products.
                    ``(B) Mass timber products.--The term `mass timber 
                products' means cross-laminated timber, nail laminated 
                timber, glue laminated timber, laminated strand lumber, 
                laminated hardwood veneer, and any similar timber or 
                lumber which is identified by the Secretary (after 
                consultation with the Secretary of Agriculture) as a 
                mass timber product for purposes of this section.''.
    (b) Credit Percentage.--Section 48D(a) of such Code is amended by 
inserting ``(10 percent in the case an advanced manufacturing facility 
the primary purpose of which is the manufacturing of mass timber 
products)'' after ``35 percent''.
    (c) Extension of Credit.--Section 48D(e) of such Code is amended by 
striking ``December 31, 2026'' and inserting ``December 31, 2031''.
    (d) Effective Date.--
            (1) In general.--Except as otherwise provided in this 
        subsection, the amendments made by this section shall apply to 
        property placed in service on or after the date of the 
        enactment of this Act, and for any property the construction of 
        which begins before such date, only to the extent of the basis 
        thereof attributable to the construction, reconstruction, or 
        erection on or after such date.
            (2) Extension of credit.--The amendment made by subsection 
        (c) shall apply to property the construction of which begins 
        after December 31, 2026.

SEC. 3. CREDIT FOR QUALIFIED MASS TIMBER PRODUCTS RESEARCH EXPENSES.

    (a) In General.--Section 41(a) of the Internal Revenue Code of 1986 
is amended by striking ``and'' at the end of paragraph (2), by striking 
the period at the end of paragraph (3) and inserting ``, and'', and by 
adding at the end the following new paragraph:
            ``(4) 20 percent of the qualified mass timber products 
        research expenses for the taxable year.''.
    (b) Qualified Mass Timber Products Research Expenses.--Section 
41(b) of such Code is amended by adding at the end the following new 
paragraph:
            ``(5) Qualified mass timber products research expenses.--
                    ``(A) In general.--The term `qualified mass timber 
                products research expenses' means qualified research 
                expenses with respect to mass timber products research.
                    ``(B) Mass timber products research.--The term 
                `mass timber products research' means qualified 
                research with respect to--
                            ``(i) any mass timber product (as defined 
                        in section 48D(b)(3)(B)), or
                            ``(ii) any new or proposed product which is 
                        identified for purposes of this paragraph by 
                        the Secretary (after consultation with the 
                        Secretary of Agriculture) as being similar to 
                        such a mass timber product.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act.
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