This legislative proposal aims to stimulate the construction of biomass facilities by amending the Internal Revenue Code of 1986 to provide significant tax incentives. It introduces a new provision under the investment tax credit, treating qualified property of specified biomass facilities as energy property and assigning it a substantial 30 percent energy percentage . A "specified biomass facility" is defined as an open- or closed-loop biomass facility whose construction begins after the Act's enactment. Furthermore, the bill extends eligibility for production tax credits to these new biomass facilities and terminates certain existing limitations that would otherwise apply. These amendments are effective for facilities whose construction commences after the date of the Act's enactment, thereby encouraging new development in the biomass energy sector.