[Congressional Record Volume 166, Number 42 (Tuesday, March 3, 2020)]
[Senate]
[Page S1408]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1416. Mr. HOEVEN (for himself and Mr. Cramer) submitted an
amendment intended to be proposed by him to the bill S. 2657, to
support innovation in advanced geothermal research and development, and
for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. EXTENSION OF REFINED COAL PRODUCTION TAX CREDIT.
(a) Extension of Period During Which Refined Coal Can Be
Produced.--Section 45(e)(8) of the Internal Revenue Code of
1986 is amended by adding at the end the following new
subparagraph:
``(E) Extension of credit period for certain refined coal
facilities.--In the case of a refined coal production
facility which does not produce steel industry fuel and which
is placed in service before January 1, 2012, clauses (i) and
(ii)(II) of subparagraph (A) shall each be applied by
substituting `20-year period' for `10-year period'.''.
(b) Extension of Period During Which Refined Coal
Facilities Can Be Qualified.--Subparagraph (B) of section
45(d)(8) of the Internal Revenue Code of 1986 is amended--
(1) by striking ``placed in service after'' and inserting
``placed in service--
``(i) after'';
(2) by striking the period at the end and inserting ``,
or''; and
(3) by adding at the end the following new clause:
``(ii) after December 31, 2019, and before January 1,
2023.''.
(c) Effective Date.--The amendments made by this section
shall apply to coal produced and sold after the date of the
enactment of this Act, in taxable years ending after such
date.
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