H.R.5159 - Clean Coal Jobs Act of 2018115th Congress (2017-2018) |
|Sponsor:||Rep. Cramer, Kevin [R-ND-At Large] (Introduced 03/05/2018)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/05/2018 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.5159 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/05/2018)
Clean Coal Jobs Act of 2018
This bill amends the Internal Revenue Code to extend the refined coal production tax credit and modify the tax credit for advanced coal projects.
The bill extends the refined coal production tax credit for certain refined coal production facilities that do not produce steel industry fuel. With respect to these facilities, the bill extends the placed-in-service date to allow facilities placed in service in 2018, 2019, and 2020 to claim the credit. It also allows facilities that were placed in service after the enactment of the American Jobs Creation Act of 2004 (i.e., October 22, 2004), and before January 1, 2012, to claim the credit for an additional 10 years.
The bill modifies the tax credit for advanced coal projects to: (1) lower the carbon dioxide sequestration requirement to 60% for electrical generating units in existence on October 3, 2008, and (2) revise certain technology and environmental performance requirements.