110-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.

6/15/2007--Introduced.

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).

View comments | (Close Window)