Detailed Summary

Amends Internal Revenue Code provisions relating to the tax credit for the production of electricity from renewable resources to: (1) extend permanently the credit period for the production of steel industry fuel; (2) extend through 2011 the placed-in-service date requirement for refined coal production facilities; (3) revise the definition of "steel industry fuel" to allow mixtures of petroleum coke in such fuel; and (4) set forth ownership requirements for coal production facilities for purposes of such tax credit.

Status of the Legislation

Latest Major Action: 6/23/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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