A bill to amend the Internal Revenue Code of 1986 to provide an alternate sulfur dioxide removal measurement for advanced coal-based generation technology units under the qualifying advanced coal project credit.

Amends Internal Revenue Code provisions relating to the qualifying advanced coal project tax credit to provide an alternate sulfur dioxide removal measurement for advanced coal-based generation technology electric generation units.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3883 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3883

  To amend the Internal Revenue Code of 1986 to provide an alternate 
 sulfur dioxide removal measurement for advanced coal-based generation 
  technology units under the qualifying advanced coal project credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 11, 2006

  Mr. Coleman introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide an alternate 
 sulfur dioxide removal measurement for advanced coal-based generation 
  technology units under the qualifying advanced coal project credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ALTERNATE SULFUR DIOXIDE REMOVAL MEASUREMENT FOR ADVANCED 
              COAL-BASED GENERATION TECHNOLOGY UNITS UNDER QUALIFYING 
              ADVANCED COAL PROJECT CREDIT.

    (a) In General.--Section 48A(f)(1) of the Internal Revenue Code of 
1986 (relating to advanced coal-based generation technology) is 
amended--
            (1) by striking ``percent'' the first place it appears in 
        the table contained in subparagraph (B),
            (2) by striking ``99 percent'' in such table and inserting 
        ``SO<INF>2</INF> removal design level'', and
            (3) by adding at the end the following new flush sentence:
        ``For purposes of the table contained in subparagraph (B), the 
        term `SO<INF>2 </INF>removal design level' means either 99 
        percent SO<INF>2 </INF>removal or the achievement of an 
        emission limit of 0.04 pound SO<INF>2</INF> per million Btu, on 
        a 30-day average.''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in the amendment made by section 1307(b) of the 
Energy Policy Act of 2005.
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