[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 759 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 759

  To amend the Internal Revenue Code of 1986 to extend the credit for 
                      production of refined coal.


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                   IN THE SENATE OF THE UNITED STATES

                             March 16, 2021

Mr. Hoeven (for himself and Mr. Cramer) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to extend the credit for 
                      production of refined coal.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF REFINED COAL PRODUCTION TAX CREDIT.

    (a) Extension of Period During Which Refined Coal Can Be 
Produced.--Section 45(e)(8) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subparagraph:
                    ``(E) Extension of credit period for certain 
                refined coal facilities.--In the case of a refined coal 
                production facility which does not produce steel 
                industry fuel and which is placed in service before 
                January 1, 2012, clauses (i) and (ii)(II) of 
                subparagraph (A) shall each be applied by substituting 
                `20-year period' for `10-year period'.''.
    (b) Extension of Period During Which Refined Coal Facilities Can Be 
Qualified.--Subparagraph (B) of section 45(d)(8) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``placed in service after'' and inserting 
        ``placed in service--
                            ``(i) after'';
            (2) by striking the period at the end and inserting ``, 
        or''; and
            (3) by adding at the end the following new clause:
                            ``(ii) after December 31, 2020, and before 
                        January 1, 2024.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to coal produced and sold after the date of the enactment of this 
Act, in taxable years ending after such date.
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