To amend the Internal Revenue Code of 1986 to make permanent the renewable electricity production credit.
Last action on Jan 31, 2007Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to: (1) make permanent the tax credit for producing electricity from certain renewable resources; and (2) redefine "Indian coal production facility" for purposes of the credit as a facility that produces Indian coal (thus eliminating certain requirements for and limits on the tax credit for electricity produced by such facility).
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