H.R. 3542 · 116th Congress

To amend the Internal Revenue Code of 1986 to permanently extend the Indian coal production tax credit, and for other purposes.

Stage
In committee
Introduced
2019-06-27
Latest action
2019-06-27 · Introduced in House

Summary

This bill amends the Internal Revenue Code to permanently increase the tax credit for production of electricity from renewable resources by $4.00 per ton in the case of Indian coal, with an updated inflation adjustment to the dollar amount for calendar years after 2018.