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Code · BILL · 119th Congress · S. 2444 (Introduced in Senate) — To eliminate certain subsidies for fossil-fuel production. · Sec. 303

Sec. 303. One Big Beautiful Bill Act

322 words·~1 min read·/bill/119/s/2444/is/section-303

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Section 45X of the Internal Revenue Code of 1986, as amended by section 70514 of Public Law 119–21 (commonly known as the One Big Beautiful Bill Act ), is amended— in subsection (b)(1)(M), by striking (2.5 percent in the case of metallurgical coal) , in subsection (b)(3)— in subparagraph (C)— in the heading, by striking , other than metallurgical coal in clause (i), by striking (other than metallurgical coal) , and in the heading of clause (ii), by striking , and other than metallurgical coal by striking subparagraph (E), and in subsection (c)(6), by striking subparagraph (R).
The amendments made by section 70523 of Public Law 119–21 are repealed and the Internal Revenue Code of 1986 shall be applied as if such amendments had not been enacted. Section 7704(d)(1)(E) of the Internal Revenue Code of 1986, as amended by section 70524 of Public Law 119–21 , is amended— in clause (ii)(II), by inserting provided that such hydrogen is qualified clean hydrogen (as defined in section 45V(c)(1)(A)), after liquified hydrogen or compressed hydrogen, , and by striking clause (iii).
The provisions of, and the amendments made by, sections 50101, 50102, 50103, 50104, 50105, 50201, 50202, 50203, 50204, and 50403 of Public Law 119–21 (commonly known as the One Big Beautiful Bill Act ) (139 Stat. 72) are repealed, and any provision of law amended or repealed by those sections shall be applied as if such amendments or repeals had not been enacted. Section 136(g) of the Clean Air Act ( 42 U.S.C. 7436(g) ) (as amended by section 60012(b) of Public Law 119–21 (commonly known as the One Big Beautiful Bill Act )) (139 Stat. 72) is amended by striking calendar year 2034 and inserting calendar year 2024 .
Section 112 of the National Environmental Policy Act of 1969 (as added by section 60026 of Public Law 119–21 (commonly known as the One Big Beautiful Bill Act )) (139 Stat. 72) is repealed.
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  • 139 Stat. 72
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Sec. 303
One Big Beautiful Bill Act
Stat.139 Stat. 72
Cites 3Cited by 0 across 0 sources
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