House Introduces Green Energy Paper Manufacturing Act of 2009
Representative Murphy (NY-20) introduced a bill (H.R. 4389) to amend the Internal Revenue Code of 1986 to allow a credit against income tax to taxpayers using energy derived from biomass to power domestic paper, pulp and paperboard manufacturing process facilities. To qualify, the energy used in the manufacturing process must be 1) any liquid, solid, or gaseous fuel derived from biomass or from biomass process residuals from recycled and other paper facilities; OR 2) fossil fuels co-fired with any biomass fuel.
The bill has been referred to the Committee on Ways and Means. More information is available here.
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