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

I 116TH CONGRESS 1ST SESSION H. R. 2622 To amend the Internal Revenue Code of 1986 to extend the credit for production of refined coal. IN THE HOUSE OF REPRESENTATIVES MAY 9, 2019 Mr. GIANFORTE (for himself and Mr. MCKINLEY) introduced the following bill; which was referred to the Committee on Ways and Means 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 01:00 May 16, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2622.IH H2622 kjohnson on DSK79L0C42 with BILLS 2 •HR 2622 IH (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 01:00 May 16, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2622.IH H2622 kjohnson on DSK79L0C42 with BILLS