Biomass Facility Construction Act reinstates 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 bill specifies that these credits apply to facilities where construction begins after the enactment of this Act. The investment credit is adjusted by redesignating paragraph (16) as paragraph (17), and the production credit is applied to new biomass facilities. The amendments apply to facilities beginning construction post-enactment of the Act.

Biomass Facility Construction Act reinstates 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 bill specifies that these credits apply to facilities where construction begins after the enactment of this Act. The investment credit is adjusted by redesignating paragraph (16) as paragraph (17), and the production credit is applied to new biomass facilities. The amendments apply to facilities beginning construction post-enactment of the Act.