EXTENSION OF SECTION 29 CREDIT FOR CERTAIN FACILITIES.

SEC. 1918. EXTENSION OF SECTION 29 CREDIT FOR CERTAIN FACILITIES. Section 29 (relating to credit for producing fuel from a nonconventional source) is amended by adding at the end thereof the following new subsection: “(g) Extension For Certain Facilities.— “(1) In general.— In the case of a facility for producing qualified fuels described in subparagraph (B)(ii) or (C) of subsection (c)(1)— “(A) for purposes of subsection (f)(1)(B), such facility shall be treated as being placed in service before January 1, 1993, if such facility is placed in service before January 1, 1997, pursuant to a binding written contract in effect before January 1, 1996, and “(B) if such facility is originally placed in service after December 31, 1992, paragraph (2) of subsection (f) shall be applied with respect to such facility by substituting ‘January 1, 2008’ for ‘January 1, 2003’. “(2) Special rule.— Paragraph (1) shall not apply to any facility which produces coke or coke gas unless the original use of the facility commences with the taxpayer.”