S 759 · 117th Congress · Taxation
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2021-03-16)
Plain Language Summary
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This bill extends 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, 2020, and before January 1, 2024), during which facilities may qualify for the credit by being placed in service.…
Summarized by Claude AI · Non-partisan · For informational purposes only