[Congressional Record Volume 163, Number 72 (Thursday, April 27, 2017)]
[Senate]
[Page S2619]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. DAINES (for himself, Ms. Heitkamp, Mr. Barrasso, and Mr.
Tester):
S. 975. A bill to amend the Internal Revenue Code of 1986 to
permanently extend the Indian coal production tax credit; to the
Committee on Finance.
Mr. DAINES. Mr. President, I ask unanimous consent that the text of
the legislation to amend the Internal Revenue Code of 1986 to
permanently extend the Indian coal production tax credit be printed in
the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 975
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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