S. 4112 extends tax credits for companies that produce refined coal, which is coal treated to reduce emissions for use in steel manufacturing and other industrial applications. Currently, the tax credit for refined coal production is limited to a 10-year period after a facility begins operating; this bill removes that time limit and instead allows the credit to be claimed through January 1, 2033. The legislation also makes technical changes to clarify that facilities can be modified to produce "steel industry fuel" and still qualify for the credit. The bill applies to refined coal produced and sold after December 31, 2025, and would primarily benefit coal processing companies and industrial facilities that use refined coal in their operations. No specific funding amount is mentioned in the bill, as tax credits reduce federal revenue rather than requiring direct appropriations.
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