H.R. 5266 · 108th Congress
To amend the Internal Revenue Code of 1986 to encourage investment in facilities which use woody biomass to…
Full title
To amend the Internal Revenue Code of 1986 to encourage investment in facilities which use woody biomass to produce electricity.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
McInnisSponsorNo cosponsors.
Amends the Internal Revenue Code to allow a tax credit for up to 20 percent of the basis of qualified woody biomass energy property placed in service in any taxable year.
What it does: CRS summary · Introduced in House · Oct 7, 2004
Amends the Internal Revenue Code to allow a tax credit for up to 20 percent of the basis of qualified woody biomass energy property placed in service in any taxable year. Defines "qualified woody biomass energy property" as new property which is used to produce electricity from woody biomass (e.g., trees and woody plant debris) placed in service before January 1, 2010, and which has a useful life of not less than five years.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to encourage investment in facilities which use woody biomass to produce electricity.
Latest action (Oct 7, 2004): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Oct 7, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.