A bill 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 extends the tax credit period for producing refined coal. It changes the rules so that the credit can be claimed for refined coal produced before January 1, 2033, instead of only during the first 10 years after a facility starts operating. It also makes related technical changes to the tax code and clarifies that a facility modification must allow steel industry fuel production. These changes apply to refined coal produced and sold after December 31, 2025.

Sec. 1, Extension of credit period for refined coal production: The bill amends the Internal Revenue Code to extend the credit period for refined coal production. Specifically, it replaces the current 10-year period starting when a facility is placed in service with a new deadline of January 1, 2033, for both the general rule and the rule for facilities producing steel industry fuel. It also makes conforming amendments to remove outdated clauses and add a clarification that a facility modification must allow steel industry fuel production. The effective date is for refined coal produced and sold after December 31, 2025.