IRS faces senators’ call for data on validity of coal tax credits

Three Democratic senators are pressing the Internal Revenue Service (IRS) to supply data justifying its granting of tax credits to producers of chemically-treated, or “refined,” coal, with the senator citing concerns raised in a recent report by a think tank questioning whether refined coal meets required pollution cuts. Writing to IRS Commissioner Charles Rettig June 10, Democratic Sens. Sheldon Whitehouse (RI), Sherrod Brown (OH), and Elizabeth Warren (MA) say that the IRS is allowing beneficiaries of the $7 per ton...