H. R. 1796
IN THE HOUSE OF REPRESENTATIVES
March 14, 2019
Mr. McKinley (for himself, Mr. Peterson, Mr. Stauber, Mr. Mooney of West Virginia, Mr. Armstrong, Mr. Gianforte, Ms. Sewell of Alabama, and Mr. Veasey) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to modify the qualifying advanced coal project credit, and for other purposes.
This Act may be cited as the
Carbon Capture Modernization Act.
Modifications of qualifying advanced coal project credit
Sequestration requirement for certain equipment
Section 48A(e)(1)(G) of the Internal Revenue Code of 1986 is amended by inserting
and 60 percent in the case of an application for a reallocation of credits under subsection (d)(4) with respect to an electrical generating unit in existence on October 3, 2008 after
under subsection (d)(4).
Nameplate generating capacity requirement
Section 48A(e)(1)(C) of such Code is amended by striking
400 megawatts and inserting
Advanced coal-Based generation technology requirements
Section 48A(f)(1) of such Code is amended by striking
generation technology if— and all that follows through
the unit is designed and inserting
generation technology if the unit is designed.
Section 48A(f) is amended—
by striking all that precedes
the purpose of this section and inserting the following:
Advanced coal-Based generation technology
in subparagraph (B) in the second sentence and inserting
in this subsection, and
by striking paragraphs (2) and (3).
Performance requirements in case of best available control technology
Section 48A(f) of such Code, as amended by this Act, is amended by adding at the end the following:
In the case of a retrofit of a unit which has undergone a best available control technology analysis after August 8, 2005, with respect to the removal or emissions of any pollutant which is SO2 or NOx, the removal or emissions design level with respect to such pollutant shall be the level determined in such analysis..
Clarification of reallocation authority
Section 48A(d)(4) of the Internal Revenue Code of 1986 is amended—
in subparagraph (A)—
Not later than 6 years after the date of enactment of this section, the and inserting
and every 6 months thereafter until all credits available under this section have been allowed after
the date which is 6 years after the date of enactment of this section,
in subparagraph (B)—
may reallocate credits available under clauses (i) and (ii) of paragraph (3)(B) and inserting
shall reallocate credits remaining available under paragraph (3),
or at the end of clause (i), and
by striking clause (ii) and inserting the following:
any applicant for certification which submitted an accepted application has subsequently failed to satisfy the requirements under paragraph (2)(D), or
any certification made pursuant to paragraph (2) has been revoked pursuant to paragraph (2)(E).
in subparagraph (C)—
clause (i) or (ii) of paragraph (3)(B) and inserting
is authorized to and inserting
an additional program and inserting
Except as provided in paragraph (2), the amendments made by this section shall apply to allocations and reallocations after the date of the enactment of this Act.
The amendments made by subsection (e) shall apply to credits remaining available under section 48A(d)(3) of the Internal Revenue Code of 1986 on the date of the enactment of this Act.