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.

3.0.0 2856 2023-01-11T13:25:26Z 2023-01-11T13:25:26Z Senate S S 2014-09-18 113 ssfi00 Finance Committee Senate Standing Referred to 2014-09-18T18:08:19Z 2014-09-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-09-18 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2014-09-18 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2014-09-18 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2014-11-12 False Taxation Alternative and renewable resources Electric power generation and transmission Income tax credits Solid waste and recycling Taxation

00 2014-09-18 Introduced in Senate 2014-10-23T17:54:55Z 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.

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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. Display Title 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. Official Title as Introduced 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. Introduced in Senate IS Introduced in Senate 2014-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2856is/xml/BILLS-113s2856is.xml 2014-09-18 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.