II
115th CONGRESS
1st Session
S. 975
IN THE SENATE OF THE UNITED STATES
April 27, 2017
Mr. Daines (for himself, Ms. Heitkamp, Mr. Barrasso, and Mr. Tester) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to permanently extend the Indian coal production tax credit.
Permanent extension of Indian coal production tax credit
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—
produced by the taxpayer at an Indian coal production facility, and
sold (either directly by the taxpayer or after sale or transfer to one or more related persons) to an unrelated person.
.
Effective date
The amendment made by this section shall apply to coal produced and sold after January 1, 2017.