Senate Bill 1327
116th Congress(2019-2020)
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
Introduced
Introduced in Senate on May 6, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1327
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
This bill extends the tax credit for the production of refined coal. With respect to refined coal production facilities that do not produce steel industry fuel, the bill (1) allows facilities that were placed in service before January 1, 2012, to claim the credit for an additional 10 years, and (2) establishes an additional 3-year period (after December 31, 2018, and before January 1, 2022), during which facilities may qualify for the credit by being placed in service.
May 6, 2019
05/06/2019
Read twice and referred to the Committee on Finance.
05/06/2019
Introduced in Senate
Public Record
Record Updated
Feb 9, 2022 3:41:57 AM