Extended Tax Credit for Refined Coal
Official: To amend the Internal Revenue Code of 1986 to extend the credit period for the production of refined coal, and for other purposes.
This bill extends the period during which companies can receive tax credits for producing refined coal, encouraging continued production and investment in this area.
1. This bill extends the tax credit for producing refined coal until January 1, 2033. 2. It allows facilities producing refined coal to benefit from this credit for several more years. 3. The changes apply to refined coal produced and sold after December 31, 2025. 4. The bill modifies existing tax code sections related to refined coal production.
Coal production facilities and the workers they employ will benefit from this extended tax credit.