[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 975 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 975

 To amend the Internal Revenue Code of 1986 to permanently extend the 
                   Indian coal production tax credit.


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                   IN THE SENATE OF THE UNITED STATES

                             April 27, 2017

 Mr. Daines (for himself, Ms. Heitkamp, Mr. Barrasso, and Mr. Tester) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend the 
                   Indian coal production tax credit.

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

SECTION 1. PERMANENT EXTENSION OF INDIAN COAL PRODUCTION TAX CREDIT.

    (a) In General.--Section 45(e)(10)(A) of the Internal Revenue Code 
of 1986 is amended by striking ``per ton of Indian coal--'' and all 
that follows and inserting the following: ``per ton of Indian coal--
                            ``(i) produced by the taxpayer at an Indian 
                        coal production facility, and
                            ``(ii) sold (either directly by the 
                        taxpayer or after sale or transfer to one or 
                        more related persons) to an unrelated 
                        person.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to coal produced and sold after January 1, 2017.
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