A bill to amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal.

II 116TH CONGRESS 1ST SESSION S. 1405 To amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal. IN THE SENATE OF THE UNITED STATES MAY 9, 2019 Mr. DAINES (for himself, Mr. CRAMER, Mrs. CAPITO, and Mr. GARDNER) in- troduced the following bill; which was read twice and referred to the Com- mittee on Finance A BILL 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. EXTENSION OF REFINED COAL PRODUCTION 3 TAX CREDIT. 4 (a) IN GENERAL.—Section 45(e)(8) of the Internal 5 Revenue Code of 1986 is amended— 6 (1) in subparagraph (A), by striking ‘‘10-year 7 period’’ each place it appears and inserting ‘‘12-year 8 period’’, and 9 VerDate Sep 11 2014 03:38 May 17, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1405.IS S1405 kjohnson on DSK79L0C42 with BILLS 2 •S 1405 IS (2) in subparagraph (D)(ii)(II), by striking 1 ‘‘10-year period’’ and inserting ‘‘12-year period’’. 2 (b) EFFECTIVE DATE.—The amendments made by 3 this section shall apply to coal produced and sold after 4 December 31, 2018. 5 Æ VerDate Sep 11 2014 03:38 May 17, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1405.IS S1405 kjohnson on DSK79L0C42 with BILLS