H.R.5270 - Electricity Reliability and Fuel Security Act115th Congress (2017-2018) |
|Sponsor:||Rep. Bucshon, Larry [R-IN-8] (Introduced 03/14/2018)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/14/2018 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.5270 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/14/2018)
Electricity Reliability and Fuel Security Act
This bill amends the Internal Revenue Code to allow a tax credit through 2022 for a portion of the expenses for the operation or maintenance of a coal-powered electric generation unit, excluding expenses for coal.
The credit applies to taxpayers who own or lease an electric generation unit that uses coal to produce at least 75% of the electricity produced by the unit.
Qualified public entities may transfer the credit to an eligible project partner. A "qualified public entity" is: (1) a federal, state, or local government entity or any political subdivision, agency, or instrumentality thereof; (2) a mutual or cooperative electric company; or (3) a not-for-profit electric utility which had or has received a loan or loan guarantee under the Rural Electrification Act of 1936.
An "eligible project partner" is a person who:
- is responsible for operating, maintaining, or repairing the unit;
- participates in the provision, including transportation, of coal to the unit;
- provides financing for the construction or operation of the unit; or
- leases the unit.