Political Quotes

“Mr. President, I ask unanimous consent that the text of the legislation to amend the Internal Revenue Code of 1986 to permanently extend the Indian coal production tax credit be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 975 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. PERMANENT EXTENSION OF INDIAN COAL PRODUCTION TAX CREDIT. (a) In General.--Section 45(e)(10)(A) of the Internal Revenue Code of 1986 is amended by striking ``per ton of Indian coal--'' and all that follows and inserting the following: ``per ton of Indian coal-- ``(i) produced by the taxpayer at an Indian coal production facility, and ``(ii) sold (either directly by the taxpayer or after sale or transfer to one or more related persons) to an unrelated person.''. (b) Effective Date.--The amendment made by this section shall apply to coal produced and sold after January 1, 2017. ______”