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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Electricity Reliability and Fuel Security Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to allow a credit against tax for coal-powered electric generation units.

Actions Overview (1)

03/14/2018Introduced in House

All Actions (2)

03/14/2018Referred to the House Committee on Ways and Means.
Action By: House of Representatives
03/14/2018Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means03/14/2018 Referred to

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Subjects (5)

Latest Summary (1)

There is one summary for H.R.5270. View summaries

Shown Here:
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.