Also tagged in: Alternative energy sources, Business, Coal, Coal liquefaction, Corporation taxes, Electric power production, Energy, Environmental protection, Feedstock, Income tax
Latest Action: 04/20/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to modify the refined coal credit to include qualified coal waste sludge recycling.

4/20/2007--Introduced.

Amends the Internal Revenue Code to expand the definition of "refined coal" for purposes of the tax credit for electricity produced from certain renewable resources to include coal produced from a qualified coal waste sludge recycling process. Defines "qualified coal waste sludge recycling process" as a process using a facility to liquefy coal waste sludge and distribute the liquefied coal waste sludge on the coal to create a feedstock for the manufacture of coke.


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Also tagged in: Alternative energy sources, Business, Depreciation and amortization, Electric vehicles, Energy, Energy conservation, Energy efficiency, Fuel cells, Fuel consumption, Gas industry
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to expand and extend the incentives for alternative fuel vehicles and refueling property and to repeal the oil and gas production incentives added by the Energy Policy Act of 2005. 1/4/2007--Introduced. Oil and Gas-to-Alternatives Swap (OGAS) Act of 2007 - Amends the Internal Revenue Code to repeal: (1) the tax credit for facilities producing coke or coke gas-related fuel; (2) the classification of the tax credit for producing fuel from a nonconventional source as a business-related credit; (3) accelerated amortization of geological and geophysical expenditures; and (4) the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for the tax credit for alternative motor vehicles. Extends through 2012 the alternative motor vehicles tax credit for: (1) advanced lean burn technology motor vehicles; (2) qualified hybrid motor vehicles; and (3) qualified alternative fuel vehicles. Increases [...]

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