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Steel Industry Preservation Act
Legislative Progress
Introduced
April 20, 2016
Latest Action
April 20, 2016
Primary Sponsor
Shelley Moore CapitoRepublican(WV)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Steel Industry Preservation Act This bill amends the Internal Revenue Code to extend and modify the production tax credit for steel industry fuel. (Under current law, steel industry fuel is a fuel which is: (1) produced through a process of liquefying coal waste sludge and distributing it on coal, and (2) used as a feedstock for the manufacture of coke.) The bill modifies the tax credit for steel industry fuel to: extend the credit period and the placed-in-service date, revise the definition of "steel industry fuel" to allow blends of coal and petroleum coke or other coke feedstock in the fuel, set forth ownership requirements, and specify requirements for treating an owner as producing and selling steel industry fuel. A taxpayer that produces steel industry fuel may elect to accept an increased tax credit in lieu of certain deductions for expenses in connection with the production of steel industry fuel. The bill specifies the treatment of the credit for the purpose of the alternative minimum tax. It also exempts transactions related to steel industry fuel from rules that restrict deductions and other tax benefits for activities that are not engaged in for profit or that do not have economic substance.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Steel Industry Fuel Credit, H.R. 5002-Steel Industry Preservation Act, S. 2823-Steel Industry Preservation Act
Client expense: Not reported · Firm income: $60,000
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax Reform; Treatment of Net Operating Losses; Steel Industry Preservation Act, S 2823
Client expense: $198,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Extend and amend Section 45 (c), (d), and (e) and 38c, the Steel Industry Fuel Credit. Monitor developments related to tax reform. "Steel Industry Preservation Act", S.2823, H.R.5002.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Steel Industry Fuel Credit, H.R. 5002-Steel Industry Preservation Act, S. 2823-Steel Industry Preservation Act
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Tax Reform; Treatment of Net Operating Loss Carryforwards; Steel Industry Preservation Act, S 2823, Support
Client expense: $130,778 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
2016 · third_quarter · Taxation/Internal Revenue Code
Extend and amend Section 45 (c), (d), and (e) and 38c, the Steel Industry Fuel Credit. Monitor developments related to tax reform. "Steel Industry Preservation Act", S.2823, H.R.5002.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
Steel Industry Fuel Credit, H.R. 5002-Steel Industry Preservation Act, S. 2823-Steel Industry Preservation Act
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
Extend and amend Section 45 (c), (d), and (e) and 38c, the Steel Industry Fuel Credit. Monitor developments related to tax reform. "Steel Industry Preservation Act", S.2823, H.R.5002.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
Tax Reform; Treatment of Net Operating Loss Carryforwards; Steel Industry Preservation Act, S 2823, Support
Client expense: $208,884 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
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