A bill to amend the Internal Revenue Code of 1986 to establish a tax credit for qualified combined heat and power system property, and for other purposes.

# Summary of S. 3531 **What the Bill Would Do** This bill would create a new tax credit for businesses and property owners who install combined heat and power (CHP) systems—equipment that generates electricity while capturing and reusing the waste heat for practical purposes. The tax credit would reduce the amount of federal income taxes owed by those who invest in qualifying CHP systems, making these energy-efficient technologies more affordable. **Who It Affects and Key Details** The bill would primarily benefit businesses, industrial facilities, and potentially commercial property owners who invest in CHP systems. These systems can lower energy costs and emissions by improving overall energy efficiency.

The bill modifies the federal tax code to define which CHP systems qualify for the credit and sets the terms for claiming it on tax returns. **Current Status** As of now, the bill remains in committee and has not advanced for a full vote in the Senate. This means it is still in the early stages of consideration and would require committee approval and further legislative action before becoming law. No significant details about the bill's specific credit amount or eligibility requirements were publicly available in the summary information.