A bill to amend the Internal Revenue Code of 1986 to modify the credit for production of electricity from renewable resources for certain open-loop biomass and trash facilities placed in service before the date of the enactment of this Act.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 18, 2014)
Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to allow a taxpayer to elect the application of such credit to open-loop biomass and trash facilities during the period beginning after December 31, 2013, and ending before January 1, 2016 (in lieu of the 10-year period after the facilities are originally placed in service). Limits the aggregate period during which a taxpayer can claim a tax credit with respect to a facility to 10 years.
What just happenedSep 18, 2014
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateSep 18, 2014
- Sep 18, 2014IntroReferral
Read twice and referred to the Committee on Finance.
- Sep 18, 2014IntroReferral10000
Introduced in Senate