House
May 25, 2006

To 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.

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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