US Congress Senate Bill 2856 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to allow a taxpayer to elect the application of such credit to open-loop biomass and trash facilities during the period beginning after December 31, 2013, and ending before January 1, 2016 (in lieu of the 10-year period after the facilities are originally placed in service). Limits the aggregate period during which a taxpayer can claim a tax credit with respect to a facility to 10 years.

A bill to amend the Internal Revenue Code of 1986 to modify the credit for production of electricity from renewable resources for certain open-loop biomass and trash facilities placed in service before the date of the enactment of this Act.

Sen. Robert Menendez [D-NJ]

Sen. Benjamin Cardin [D-MD]

Sen. Susan Collins [R-ME]

Sen. Angus King [I-ME]

Date	Chamber	Action
2014-09-18	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2856/all-info
Text	https://www.congress.gov/113/bills/s2856/BILLS-113s2856is.pdf