S.Amdt. 1624Senate115th Congress (2017-2019)2nd degree
S.Amdt. 1624
Sponsored by
Sen. John Hoeven (R-ND)
Submitted November 29, 2017
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Senate amendment submitted
November 29, 2017
Text
Submitted
SA 1624. Mr. HOEVEN submitted an amendment intended to be proposed to amendment SA 1618 proposed by Mr. Hatch (for himself and Ms. Murkowski) and intended to be proposed to the bill H.R. 1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; which was ordered to lie on the table; as follows: At the end of subpart A of part V of subtitle C of title I, add the following: SEC. 13405. EXTENSION OF REFINED COAL PRODUCTION TAX CREDIT. (a) Extension of Period During Which Refined Coal Can Be Produced.--Section 45(e)(8) 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) 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, 2017, and before January 1, 2021.''. (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 date. ______