S 2856
113th Congress
Senate
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Solid waste and recycling
A bill to amend the Internal Revenue Code of 1986 to modify the credit for production of electricity from renewable resources for certain open-loop biomass and trash facilities placed in service before the date of the enactment of this Act.
Introduced: September 18, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2014
Read twice and referred to the Committee on Finance.
Sep 18, 2014
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to allow a taxpayer to elect the application of such credit to open-loop biomass and trash facilities during the period beginning after December 31, 2013, and ending before January 1, 2016 (in lieu of the 10-year period after the facilities are originally placed in service). Limits the aggregate period during which a taxpayer can claim a tax credit with respect to a facility to 10 years.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1