All Information (Except Text) for S.2371 - A bill to amend the Internal Revenue Code of 1986 to modify the definition of municipal solid waste.115th Congress (2017-2018)
|Sponsor:||Sen. Stabenow, Debbie [D-MI] (Introduced 02/05/2018)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 02/05/2018 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|02/05/2018||Introduced in Senate|
02/05/2018 Introduced in Senate
All Actions (1)
|02/05/2018||Read twice and referred to the Committee on Finance.|
Action By: Senate
02/05/2018 Read twice and referred to the Committee on Finance.
|Sen. Boozman, John [R-AR]*||02/05/2018|
|Sen. Carper, Thomas R. [D-DE]*||02/05/2018|
|Sen. Baldwin, Tammy [D-WI]*||02/05/2018|
|Sen. Isakson, Johnny [R-GA]*||02/05/2018|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||02/05/2018||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (02/05/2018)
This bill amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to modify the definition of "municipal solid waste."
The bill specifies that municipal solid waste does not include solid waste collected as part of a system which commingles commonly recycled paper with other solid waste which is not commonly recycled at any point from the time of collection through any materials recovery. The bill includes exceptions for incidental and residual waste.
In the case of a facility that produces electricity both from municipal solid waste and other solid waste that is not a qualified energy resource: (1) the facility is a qualified facility if it otherwise meets the requirements for qualified facilities, and (2) the credit only applies to the portion of the electricity produced from municipal solid waste.