This bill extends the tax credit for the production of refined coal. With respect to refined coal production facilities that do not produce steel industry fuel, the bill (1) allows facilities that were placed in service before January 1, 2012, to claim the credit for an additional 10 years, and (2) establishes an additional 3-year period (after December 31, 2020, and before January 1, 2024), during which facilities may qualify for the credit by being placed in service.
To amend the Internal Revenue Code of 1986 to extend the credit for 
                      production of refined coal.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF REFINED COAL PRODUCTION TAX CREDIT.

    (a) Extension of Period During Which Refined Coal Can Be 
Produced.--Section 45(e)(8) of the Internal Revenue Code of 1986 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) of the Internal 
Revenue Code of 1986 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, 2020, and before 
                        January 1, 2024.''.
    (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 such date.
                                 <all>
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
Official Titles - Senate
Official Title as Introduced
A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.
Sen. Hoeven, John