Plain English Breakdown
The provided material confirms the amendment was introduced and placed with a bill, but does not confirm if House Bill No. 186 itself has passed both chambers.
Amendment on Labor Agreements for Power Plant Tax Credits
This amendment requires that certain power plants must use specific types of labor contracts to receive tax credits.
What This Bill Does
- Requires a qualifying CCGT generation facility receiving a tax credit under this Act to be constructed under a project labor agreement.
- Requires the same type of facility to be operated under a collective bargaining agreement.
Who It Names or Affects
- Qualifying CCGT generation facilities seeking tax credits under this Act
Limits and Unknowns
- The official text does not define what a 'CCGT generation facility', 'project labor agreement', or 'collective bargaining agreement' means.
- The effective date of the rule is not listed in the provided material.
- This amendment was introduced and placed with House Bill No. 186, but its final status depends on that main bill.