S 2373
115th Congress
Senate
Taxation
Air quality
Coal
Electric power generation and transmission
Income tax credits
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
Introduced: February 5, 2018
Introduced by:
Hoeven, John
Republican
· North Dakota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2018
Read twice and referred to the Committee on Finance.
Feb 5, 2018
Introduced in Senate
Plain-English summary
This bill amends the Internal Revenue Code to extend the tax credit for the production of refined coal. With respect to refined coal production facilities that do not produce steel industry fuel, the bill: (1) allows facilities that were placed in service before January 1, 2012, to claim the credit for an additional 10 years, and (2) establishes an additional 3-year period (after December 31, 2017, and before January 1, 2021), during which facilities may qualify for the credit by being placed in service.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1