To amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.

Summary

Amends the Internal Revenue Code to eliminate the reduction in the rate of the tax credit for producing electricity from open-loop biomass facilities (thus making such rate equal to the tax credit rate for closed-loop biomass facilities).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 June 2007

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 June 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 June 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 June 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 June 2007

  Open at official source

Sponsors

• Rep. Arcuri, Michael A. [D-NY-24] · D · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Sponsor
• Brian Higgins · D · Cosponsor
• Rep. Baird, Brian [D-WA-3] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.
• related to ← A bill to amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.