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Chemical Week Magazine :: Business & Finance :: United States/Americas

Bill Seeks Tax Incentives for Coal-to-Liquids Projects

9:17 AM MDT | July 25, 2007 | Nancy Seewald

Senators Jim Bunning (R., KY) and Barack Obama (D., IL) have introduced legislation that expands tax incentives, creates planning assistance, and develops Department of Defense (DoD) support for the domestic coal-to-liquids (CTL) industry. The bill, the Coal-to-Liquid Fuel Promotion Act of 2007, enables the Department of Energy to provide loan guarantees for construction, and direct loans for the planning and permitting of CTL plants; expands investment tax credits and expensing provisions to include CTL plants; and provides DoD with funding and authorization to...

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