HR 5509 · 109th Congress · Taxation
To amend the Internal Revenue Code of 1986 to clarify the tax credit for electricity produced from open-loop biomass.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2006-05-25)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only