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S. Rept. 114-29 1 (2015-04-14)

handle is hein.congrecreports/crptxsiq0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 52 114TH CONGRESS REPORT 1st Session SENATE 114-29 A BILL TO EXCLUDE FROM GROSS INCOME CERTAIN CLEAN COAL POWER GRANTS APRIL 14, 2015.-Ordered to be printed Mr. HATCH, from the Committee on Finance, submitted the following REPORT [To accompany S. 919] The Committee on Finance, having considered an original bill, S. 919, to exclude from gross income certain clean coal power grants to non-corporate taxpayers, having considered the same, reports fa- vorably thereon without amendment and recommends that the bill do pass. CONTENTS Page I. LEGISLATIVE BACKGROUND ..................................................................... 1 II. EXPLANATION OF THE BILL ..................................................................... 2 A. Exclusion from Gross Income of Certain Clean Coal Power Grants (sec. 1 of the bill) ............................................................................... . 2 III. BUDGET EFFECTS OF THE BILL .............................................................. 3 IV. VOTES OF THE COMM ITTEE ..................................................................... 3 V. REGULATORY IMPACT AND OTHER MATTERS .................................... 5 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 5 I. LEGISLATIVE BACKGROUND The Committee on Finance, having considered S. 919, a bill to exclude from gross income certain clean coal power grants to non- corporate taxpayers, reports favorably thereon without amendment and recommends that the bill do pass. Background and need for legislative action Background.-Based on a proposal recommended by Senator Cor- nyn, the Committee on Finance marked up original legislation (a bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain clean coal power grants) on February 11, 49-010

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