[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 710 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 710

  To amend the Internal Revenue Code of 1986 to extend the credit for 
producing fuel from a nonconventional source to taxpayers using biomass 
  fuel sources in the generation of electricity through the use of a 
                      suspension burning process.


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                   IN THE SENATE OF THE UNITED STATES

                              May 7, 1997

  Mr. Breaux introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to extend the credit for 
producing fuel from a nonconventional source to taxpayers using biomass 
  fuel sources in the generation of electricity through the use of a 
                      suspension burning process.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF CREDIT FOR UTILIZING BIOMASS FUEL IN A 
              SUSPENSION BURN PROCESS.

    (a) In General.--Section 29(c)(1) of the Internal Revenue Code of 
1986 (relating to definition of qualified fuels) is amended by 
redesignating subparagraph (C) as subparagraph (D) and by striking 
subparagraph (B) and inserting the following:
                    ``(B) gas produced from geopressured brine, 
                Devonian shale, coal seams, or a tight formation,
                    ``(C) gas or steam produced from biomass, and''.
    (b) Effective Date.--The amendment made by this section shall apply 
to steam produced after the date of enactment of this Act.
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