US Congress Senate Bill 2677 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 16 2018 - 25% progression, died in committee
Action: 2018-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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. Taxpayers and certain public entities may transfer the credit to an eligible project partner. 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 or other materials and supplies to the unit; provides financing for the construction, expansion, repair, or operation of the unit; or leases the unit.

Electricity Reliability and Fuel Security Act

Sen. Shelley Capito [R-WV]

Date	Chamber	Action
2018-04-16	Senate	Read twice and referred to the Committee on Finance.

HB5270 (Related) 2018-03-14 - Referred to the House Committee on Ways and Means.
SB2681 (Related) 2018-04-17 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/2677/all-info
Text	https://www.congress.gov/115/bills/s2677/BILLS-115s2677is.pdf