Amends the Internal Revenue Code to reinstate investment and production credits for open- and closed-loop biomass facilities.
The Biomass Facility Construction Act amends the Internal Revenue Code to reinstate investment and production credits for open- and closed-loop biomass facilities. The investment credit applies to facilities with construction beginning after the enactment of this Act. The production credit applies to qualified property in specified biomass facilities, with a 30 percent energy percentage. The amendments apply to facilities with construction starting after the Act's enactment.
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