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
- Sponsor
- Greg Gianforte
- 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.