H.R. 2742 — To amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.

Summary

Amends the Internal Revenue Code to eliminate the reduction in the rate of the tax credit for producing electricity from open-loop biomass facilities (thus making such rate equal to the tax credit rate for closed-loop biomass facilities).

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Related Legislation

H.R. 1924To amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.
2007-04-18Referred to the House Committee on Ways and Means.
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S. 411A bill to amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.
2007-01-26Read twice and referred to the Committee on Finance.
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Legislative Actions

2007-06-15
Introduced in House
2007-06-15
Introduced in House
2007-06-15
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.

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