To amend the Internal Revenue Code of 1986 to extend the credit...
To amend the Internal Revenue Code of 1986 to extend the credit period for the production of refined coal, and for other purposes.
This bill aims to extend the credit period for the production of refined coal by amending the Internal Revenue Code of 1986. By doing so, it seeks to support the coal industry, particularly in areas where refined coal production is significant. The bill was introduced on January 14, 2026, by Representative Carol Miller and co-sponsored by Representative Morgan Griffith. After its introduction, the bill was referred to the House Committee on Ways and Means, which will review and potentially make recommendations on its provisions.
The bill would primarily affect businesses involved in the production of refined coal. By extending the credit period, the bill could help these companies reduce their tax burden and potentially increase their investment in refined coal production. This could lead to more jobs and economic activity in areas reliant on the coal industry.
As of the last update, the bill is in its initial stages, having just been introduced and referred to the appropriate committee. The next steps will involve committee review, possible amendments, and a vote by the full House before it can move to the Senate. Stay tuned for further updates on its progress.
