Senate Bill 2029
116th Congress(2019-2020)
A bill to amend the Internal Revenue Code of 1986 to permanently extend the Indian coal production tax credit, and for other purposes.
Introduced
Introduced in Senate on Jun 27, 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
2029
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 amends the Internal Revenue Code to permanently increase the tax credit for production of electricity from renewable resources by $4.00 per ton in the case of Indian coal, with an updated inflation adjustment to the dollar amount for calendar years after 2018.
June 27, 2019
06/27/2019
Read twice and referred to the Committee on Finance.
06/27/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:49 PM