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119-hr-7245119th CongressWALLET

LIMBER Timber Act of 2026

Sponsored By: Representative Bynum, Janelle S. [D-OR-5]

Introduced

Summary

This bill would create tax credits for mass timber to drive factory investment, workforce training, and more building with engineered wood. It sets separate incentives for plants, worker development, and construction while tying benefits to certified timber sources.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Mass timber workforce hiring credit

This bill would create a tax credit equal to 50% of qualified hiring and training expenses for eligible mass timber businesses. Qualified expenses include hiring and recruitment costs, training, and wages for people in registered apprenticeships, State workforce programs, or industry training. The credit would only apply when at least 70% of the mass timber used comes from specified certified sources, and for structures the taxpayer builds at least 50% of load-bearing components must be mass timber. The per-employee amount counted cannot exceed $8,000 in a taxable year. The credit would apply to expenses paid or incurred after enactment and would not be allowed for taxable years beginning after December 31, 2030.

Tax break for mass timber plants

This bill would create a tax credit equal to 30% of a business's qualified investment in a qualifying mass timber plant. Qualified investment means the basis of eligible equipment and other tangible property placed in service for the plant. Eligible property must be used to produce mass timber or to equip, expand, or establish the plant and be depreciable. The credit would apply to property placed in service after enactment and would not be allowed for taxable years beginning after December 31, 2030. The rule also incorporates specified progress-expenditure rules for construction of the plant.

Tax credit for mass timber buildings

This bill would create a mass timber construction credit equal to $5 times the square footage of qualifying structures placed in service in the taxable year. A structure qualifies only if at least 70% of the mass timber used comes from specified certified sources and at least 50% of load-bearing structural components are mass timber. Mass timber is defined by reference to the mass timber plant rules. The credit would apply to structures placed in service after enactment and would not be allowed for taxable years beginning after December 31, 2030.

Sponsors & CoSponsors

Sponsor

Bynum, Janelle S. [D-OR-5]

OR • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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