H.R. 3916 · 111th Congress
To amend the Internal Revenue Code of 1986 to permanently extend and modify the section 45 credit for refined coal from steel industry fuel, and for other purposes.
- Stage
- In committee
- Sponsor
- Allyson Schwartz
- Introduced
- 2009-10-22
- Latest action
- 2009-10-22 · Introduced in House
Summary
Amends Internal Revenue Code provisions relating to the tax credit for the production of electricity from renewable resources to: (1) extend permanently the credit period for the production of steel industry fuel; (2) extend through 2011 the placed-in-service date requirement for refined coal production facilities; (3) revise the definition of "steel industry fuel" to allow mixtures of petroleum coke or other coke feedstock in such fuel; and (4) set forth ownership requirements for coal production facilities for purposes of such tax credit.