HR 5509
109th Congress
House
Taxation
Biomass energy
Commerce
Electric power production
Energy
Environmental Protection
Income tax
Tax credits
To amend the Internal Revenue Code of 1986 to clarify the tax credit for electricity produced from open-loop biomass.
Introduced: May 25, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2006
Referred to the House Committee on Ways and Means.
May 25, 2006
Introduced in House
Plain-English summary
Amends Internal Revenue Code provisions allowing a tax credit for producing electricity from open-loop biomass to: (1) eliminate the requirement that open-loop biomass be segregated from other waste material; (2) limit the amount of such credit based on consumption of nonqualified fuel by a open-loop biomass facility; and (3) allow the placing in service of additional open-loop biomass facilities with additional capacity.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1