To amend the Internal Revenue Code of 1986 to extend the credit period for certain open-loop biomass facilities.

Amends the Internal Revenue Code to extend the credit period for open-loop biomass facilities eligible for the tax credit for producing electricity from renewable resources.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2528 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2528

To amend the Internal Revenue Code of 1986 to extend the credit period 
               for certain open-loop biomass facilities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 2009

 Mr. Meek of Florida 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 period 
               for certain open-loop biomass facilities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENDED CREDIT PERIOD FOR CERTAIN OPEN-LOOP BIOMASS 
              FACILITIES.

    (a) In General.--Clause (ii) of section 45(b)(4)(B) of the Internal 
Revenue Code of 1986 is amended by striking ``5-year period'' and 
inserting ``10-year period''.
    (b) Effective Date.--The amendment made by this section shall apply 
with respect to electricity produced and sold after December 31, 2009.
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