110 HR 2742 IH: To amend the Internal Revenue Code of 1986 to provide U.S. House of Representatives 2007-06-15 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.

I 110th CONGRESS 1st Session H. R. 2742 IN THE HOUSE OF REPRESENTATIVES June 15, 2007 Mr. Arcuri (for himself and Mr. McHugh) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.

1.

Rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit

(a)

In general

Section 45(b)(4)(A) of the Internal Revenue Code of 1986 (relating to credit rate) is amended by striking (3),. (b)

Effective date

The amendment made by this section shall apply to electricity produced and sold after the date of the enactment of this Act.