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Extension of Tax Credits for Refined Coal Production

This bill extends tax credits for companies producing refined coal, potentially impacting energy costs and employment stability in the coal sector. Citizens may experience indirect effects through energy prices and the local economy. The changes apply to coal produced and sold after the enactment date.
Key points
Extends the period for refined coal production facilities to claim tax credits from 10 to 20 years, if placed in service before January 1, 2012, and not producing steel industry fuel.
Allows facilities placed in service after December 31, 2020, and before January 1, 2024, to qualify for these tax credits.
The amendments apply to coal produced and sold after the date the Act becomes law.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_759
Sponsor: Sen. Hoeven, John [R-ND]
Process start date: 2021-03-16
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_759.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-16.

What are the main provisions?

Key points include:

  • Extends the period for refined coal production facilities to claim tax credits from 10 to 20 years, if placed in service before January 1, 2012, and not producing steel industry fuel.
  • Allows facilities placed in service after December 31, 2020, and before January 1, 2024, to qualify for these tax credits.
  • The amendments apply to coal produced and sold after the date the Act becomes law.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hoeven, John [R-ND].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Environment Economy