House
May 25, 2006To amend the Internal Revenue Code of 1986 to clarify the tax credit for electricity produced from open-loop biomass.
Summary
Official
Amends Internal Revenue Code provisions allowing a tax credit for producing electricity from open-loop biomass to: (1) eliminate the requirement that open-loop biomass be segregated from other waste material; (2) limit the amount of such credit based on consumption of nonqualified fuel by a open-loop biomass facility; and (3) allow the placing in service of additional open-loop biomass facilities with additional capacity.
Bill Progress
Bill has been introduced and assigned a number
Introduced(5/25/06)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
DN
Mr. Nunes
(R) CA – 22
Cosponsors (2)
Topics
Latest Action
Referred to the House Committee on Ways and Means.
May 25, 2006