To amend the Internal Revenue Code of 1986 to encourage investment in facilities which use woody biomass to produce electricity.

This bill proposes a tax credit to encourage the production of electricity from woody biomass, such as trees and woody plant debris. If passed, businesses could receive a tax credit for up to 20 percent of the cost of installing new equipment and facilities designed to generate power from these organic materials. For citizens, this legislation aims to incentivize the development of renewable energy infrastructure and create a financial benefit for industries that convert forest and plant waste into usable electricity.