To amend the Internal Revenue Code of 1986 to extend the credit period for the production of refined coal, and for other purposes.
Summary
What This Bill Does
This bill extends the production credit period for refined coal. It amends section 45(e)(8)(A) so refined coal credit eligibility is tied to production before January 1, 2033, rather than the 10-year period beginning when a facility was originally placed in service. It also updates the steel industry fuel language so production during the taxable year before January 1, 2033 can qualify, removes obsolete termination clauses, and clarifies that a facility can produce steel industry fuel after modification. The amendments apply to refined coal produced and sold after December 31, 2025. The practical effect is to preserve tax-credit eligibility for refined coal and related steel industry fuel production through 2032.
Who Benefits and How
Refined coal producers, steel industry fuel facilities, coal-processing companies, tax-equity investors, and power plants or industrial users purchasing qualifying fuel benefit because the tax credit period is extended to production and sales before 2033. Tax preparers and project finance firms benefit from clearer post-2025 credit planning. Coal communities may benefit if the extension supports continued facility operation.
Who Bears the Burden and How
Federal revenue collections bear the cost of continued section 45 credit claims. IRS energy-credit staff must update guidance, forms, and audit procedures. Taxpayers claiming the credit must document production, sale, facility eligibility, steel industry fuel modifications, and post-2025 effective-date compliance. Environmental advocates may object if the credit supports continued coal-related production.
Key Provisions
- Extends refined coal production credit eligibility to refined coal produced before January 1, 2033.
- Extends steel industry fuel credit language to production before January 1, 2033.
- Removes obsolete refined coal termination clauses from section 45.
- Clarifies that modified facilities can produce steel industry fuel.
- Applies the amendments to refined coal produced and sold after December 31, 2025.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Extends the Internal Revenue Code section 45 refined coal production credit period so qualifying refined coal and steel industry fuel can be produced and sold before January 1, 2033, updates termination language, and applies the change to refined coal produced and sold after December 31, 2025.
Key Policy Areas
Tax, Energy, Manufacturing
Primary Purpose
Extends the Internal Revenue Code section 45 refined coal production credit period so qualifying refined coal and steel industry fuel can be produced and sold before January 1, 2033, updates termination language, and applies the change to refined coal produced and sold after December 31, 2025.
Policy Domains
Substantive provisions
Identified Gains
- Refined coal producers
- Steel industry fuel facilities
- Coal-processing companies
- Tax-equity investors
- Power plants purchasing refined coal
- Coal communities
Identified Costs
- Federal revenue collections
- IRS energy-credit staff
- Taxpayers claiming refined coal credits
- Environmental advocacy organizations
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mrs. Miller of West Virginia introduced the following bill; which …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology