S 870
111th Congress
Senate
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
A bill to amend the Internal Revenue Code of 1986 to expand the credit for renewable electricity production to include electricity produced from biomass for on-site use and to modify the credit period for certain facilities producing electricity from open-loop biomass.
Introduced: April 22, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 22, 2009
Read twice and referred to the Committee on Finance.
Apr 22, 2009
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to modify the tax credit for producing electricity from closed or open-loop biomass facilities equipped with a metering device to determine electricity consumption or sale to allow a tax credit after 2008 for electricity produced and consumed at such facilities and to extend the credit period for such production.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1