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H.R. 5509

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to clarify the tax credit for electricity produced from open-loop biomass.
About This Bill
Committee
Latest Action · May 25, 2006
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
May 25, 2006
Cosponsors (2)
1D 1R
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Summary

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Amends Internal Revenue Code provisions allowing a tax credit for producing electricity from open-loop biomass to: (1) eliminate the requirement that open-loop biomass be segregated from other waste material; (2) limit the amount of such credit based on consumption of nonqualified fuel by a open-loop biomass facility; and (3) allow the placing in service of additional open-loop biomass facilities with additional capacity.

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