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<BillSummaries>
<item congress="113" measure-type="s" measure-number="2856" measure-id="id113s2856" originChamber="SENATE" orig-publish-date="2014-09-18" update-date="2014-10-23">
<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.</title>
<summary summary-id="id113s2856v00" currentChamber="SENATE" update-date="2014-10-23">
<action-date>2014-09-18</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>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&nbsp;are originally placed in service). Limits the aggregate period during which a&nbsp;taxpayer can claim a tax credit with respect to a facility to 10 years.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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