H.R. 2742 would amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to editeliminate the wiki and bereduction in the first to provide a detailed summaryrate of the bill!)tax credit for producing electricity from open-loop biomass facilities (thus making such rate equal to the tax credit rate for closed-loop biomass facilities).
</summary>

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== Status of the Legislation ==

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Latest Major Action: 6/15/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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== Points in Favor ==

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== Points Against ==

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