Section 1 Extension of credit period for refined coal production
in clause (i), by striking “during the 10-year period beginning on the date the facility was originally placed in service” and inserting “before January 1, 2033”, and
in clause (ii), by amending subclause (II) to read as follows:
“(II) before January 1, 2033, and during such taxable year.”
Conforming amendments—
Section 45(e)(8)(D) of such Code is amended—
in clause (ii)—
by striking subclause (II), and
by redesignating subclause (III) as subclause (II),
by striking clause (iii), and
by redesignating clause (iv) as clause (iii).
Section 45(d)(8)(A) of such Code is amended by inserting “which allows such facility to produce steel industry fuel” after “any modification to a facility”.
Effective date— The amendments made by this section shall apply to refined coal produced and sold after December 31, 2025.