3.0.0 2677 2023-01-11T13:39:42Z 2023-01-11T13:39:42Z Senate S 2018-04-16 115 ssfi00 Finance Committee Senate Standing Referred to 2018-04-16T23:27:47Z Electricity Reliability and Fuel Security Act 115 5270 HR 2018-03-14 Referred to the House Committee on Ways and Means. Related bill CRS Energy Reliability Act of 2018 115 2681 S 2018-04-17 Read twice and referred to the Committee on Finance. Related bill CRS 2018-04-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-04-16 Introduced in Senate IntroReferral 10000 9 Library of Congress C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore N Taxation Coal Electric power generation and transmission Income tax credits Public utilities and utility rates Taxation 00 2018-04-16 Introduced in Senate 2018-11-05T18:11:21Z 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 Display Title Electricity Reliability and Fuel Security Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for coal-powered electric generation units. Introduced in Senate IS Short Titles as Introduced Electricity Reliability and Fuel Security Act Introduced in Senate 2018-04-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2677is/xml/BILLS-115s2677is.xml 2018-04-16 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.