S.2677 - Electricity Reliability and Fuel Security Act115th Congress (2017-2018) |
|Sponsor:||Sen. Capito, Shelley Moore [R-WV] (Introduced 04/16/2018)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 04/16/2018 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.2677 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (04/16/2018)
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.
Taxpayers and certain public entities may transfer the credit to an eligible project partner. 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 or other materials and supplies to the unit;
- provides financing for the construction, expansion, repair, or operation of the unit; or
- leases the unit.