Electricity Reliability and Fuel Security Act

Summary

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.

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Timeline

1. 14 March 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 March 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 March 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 March 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 March 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 March 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 March 2018

  Open at official source

Sponsors

• Larry Bucshon · R · Sponsor
• JOE BARTON · R · Sponsor
• Kevin Cramer · R · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Evan Jenkins · R · Sponsor
• David McKinley · R · Sponsor
• Bob Gibbs · R · Cosponsor
• Steve Stivers · R · Cosponsor
• Alexander Mooney · R · Cosponsor
• H. Griffith · R · Cosponsor
• Harold Rogers · R · Cosponsor
• Liz Cheney · R · Cosponsor
• Rep. Wagner, Ann [R-MO-2] · R · Cosponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Cosponsor
• JOHN SHIMKUS · R · Cosponsor
• Mike Bost · R · Cosponsor
• Jackie Walorski · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Electricity Reliability and Fuel Security Act
• related to ← Energy Reliability Act of 2018