,,ii #aac? ,,congress #b;d ,session ,s4 #bbhg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #e1 #bjad ,mr4 ,rockefell] 7= himself & ,mr4 ,wal%7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to facilitate ! developm5t & comm]cial deploym5t ( c>bon capture & seque/ration te*nologies1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,c>bon ,capture & ,seque/ration ,deploym5t ,act ( #bjad4 ,i ,c>bon ,capture & ,seque/ration ,innovation ,program #aja4 ,p>tn]%ips = c>bon capture & seque/ration 7a7 ,e/abli%m5t ( program 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy 7ref]r$ to 9 ?is ,act z ! ,secret>y7 %all e/abli% a coop]ative indu/ry-gov]nm5t rese>* & developm5t program1 9 addition to & 9 coop]ation ) ! c>bon capture & seque/ration rese>* & developm5t program ( ! ,(fice ( ,fossil ,en]gy1 to demon/rate novel & innovative te*nologies-- 7,a7 to capture or prev5t c>bon dioxide emissions f c>bon-bas$ fuels2 7,b7 to enable ! b5eficial use ( c>bon dioxide2 or 7,c7 to enable ! long-t]m /orage ( c>bon dioxide4 7#b7 ,p>ticipation ( national laboratories & univ]sities ,! program-- 7,a7 %all include ! p>ticipation ( ! ,national ,en]gy ,te*nology ,laboratory2 & 7,b7 may include ! p>ticipation ( o!r ,national ,laboratories1 in/itutions ( high] education1 & o!r appropriate entities4 7b7 ,co/ %>+ ,= purposes ( develop+ & demon/rat+ ! te*nologies or approa*es ref]r$ to 9 subsection 7a77#a7-- 7#a7 ! ,secret>y %all provide at lea/ #hj p]c5t ( ! co/ ( ! developm5t projects2 & 7#b7 ! indu/ry p>ticipant %all provide n m ?an #bj p]c5t ( ! co/ ( ! developm5t projects4 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section-- 7#a7 #aaj1jjj1jjj = ea* ( fiscal ye>s #bjae ?r\gh #bjai2 7#b7 #fj1jjj1jjj = ea* ( fiscal ye>s #bjbj ?r\gh #bjbd2 & 7#c7 #cj1jjj1jjj = ea* ( fiscal ye>s #bjbe ?r\gh #bjbi4 #ajb4 ,annual ,dep>tm5t ( ,en]gy assessm5t 7a7 ,9 g5]al 7#a7 ,dep>tm5t ( ,en]gy report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act & annually !reaft] until ! ,secret>y det]m9es t te*nology prev5t+ ! emission (1 captur+1 transport+1 p]man5tly /or+ or seque/]+1 or putt+ to b5eficial use c>bon dioxide is available to ! comm]cial m>ketplace1 ! ,secret>y %all-- 7,a7 conduct an assessm5t 9 accordance ) subsection 7b7 ( ! exi/+ ,f$]al programs support+ ! te*nology2 & 7,b7 submit to ! appropriate au?oriz+ & appropriat+ committees ( ,congress a report on ! results ( ! assessm5t4 7#b7 ,gov]nm5t ,acc\ntability ,(fice review ,n lat] ?an #a ye> aft] ! fir/ report is provid$ to ! appropriate au?oriz+ & appropriat+ committees ( ,congress "u p>agraph 7#a77;,b7 & subsequ5tly z ne$$ until te*nology prev5t+ ! emission (1 captur+1 transport+1 p]man5tly /or+ or seque/]+1 & putt+ to b5eficial use c>bon dioxide is available to ! comm]cial m>ketplace1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a review ( ! report describ$ 9 p>agraph 7#a77;,c7 9 accordance ) subsection 7c74 7b7 ,dep>tm5t ( ,en]gy report requirem5ts ,! ,secret>y %all include 9 ! report requir$ "u subsection 7a77#a77;,b7-- 7#a7 a detail$ description ( ! exi/+ programs1 includ+ ea* major program area1 t conduct or support rese>*1 developm5t1 demon/ration1 & deploym5t ( te*nology-- 7,a7 to prev5t ! emission ( c>bon dioxide or to capture c>bon dioxide f s\rces1 includ+ fossil fuel-bas$ p[] plants2 7,b7 to transport c>bon dioxide2 7,c7 to /ore or seque/] captur$ c>bon dioxide p]man5tly2 or 7,d7 to put captur$ c>bon dioxide to b5eficial use2 7#b7 an assessm5t1 bas$ on ,f$]al ,gov]nm5t laboratory rese>* exp]i5ce1 available indu/ry rese>* exp]i5ce1 & su* o!r data & in=mation z ! ,secret>y consid]s useful & appropriate1 to det]m9e :e!r ea* major program area & pr9cipal projects )9 ! areas describ$ 9 p>agraph 7#a7 are design$ to1 & w advance fundam5tal k or a*ieve significant te*nical advancem5t & mat]ially improve ! te*nology base to effectively address ! prev5tion ( c>bon dioxide emissions or capture ( c>bon dioxide or ! transport1 p]man5t /orage1 or b5eficial use ( captur$ c>bon dioxide2 & 7#c7 an assessm5t ( ! e/imat$ timeframe & co/s ( ! ,secret>y necess>y to reasonably conclude t te*nology w be available to ! comm]cial m>ketplace4 7c7 ,gov]nm5t ,acc\ntability ,(fice review requirem5ts ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all include 9 ! review requir$ "u subsection 7a77#b7-- 7#a7 an analysis ( ! e/imat$ timeframes & co/s ( ! ,secret>y1 z report$ pursuant to subsection 7b77#c72 7#b7 any recomm5dations t ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates consid]s appropriate & useful to improve ! likelihood ( a*iev+ te*nological advancem5ts to mitigate c>bon dioxide emissions or to exp$ite ! availability ( c>bon capture & seque/ration te*nology = ! comm]cial m>ketplace2 7#c7 an assessm5t ( any legal or regulatory imp$im5t by any ,f$]al ag5cy or dep>tm5t t has aris5 9 relation to ! deploym5t ( c>bon capture & /orage te*nology1 includ+ any delays 9 ! p]mitt+ ( ! te*nology or ! con/ruction or op]ation ( any facility2 & 7#d7 any o!r analyses ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates consid]s necess>y or appropriate4 7d7 ,budget reque/ report ,9 ! budget reque/s = ea* ( fiscal ye>s #bjaf ?r\gh #bjcj1 ! ,presid5t %all include 9 ! budget reque/ ( ! ,secret>y = ! ,fossil ,en]gy ,program a report t assesses-- 7#a7 ! progress ( ! ,secret>y 9 implem5t+ ! recomm5dations ( ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates & comp>es ! e/imat$ co/s ( complet+ implem5tation ( ^? recomm5dations to ! reque/$ budget levels2 & 7#b7 ! progress made = ! prec$+ fiscal ye> t[>d a*iev+ ! goals ( ! program = :i* fund+ is reque/$4 ,,ii ,c>bon dioxide seque/ration cr$it #bja4 ,modifications to c>bon dioxide seque/ration cr$it 7a7 ,allocation & c]tification ( cr$it 7#a7 ,9 g5]al ,subsection 7e7 ( section #de,q ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7e7 ,limitation 7#a7 ,allocation limitation ,no cr$it %all be all[$ "u subsection 7a7 ) respect to qualifi$ c>bon dioxide captur$ by c>bon capture equipm5t at a qualifi$ facility = ! am\nt ( qualifi$ c>bon dioxide captur$ by su* c>bon capture equipm5t 9 excess (-- 7,a7 ! portion ( ! national limitation allocat$ ) respect to su* c>bon capture equipm5t "u subsection 7f71 ov] 7,b7 ! am\nt ( qualifi$ c>bon dioxide captur$ by su* c>bon capture equipm5t dur+ p]iods be=e ,augu/ #a1 #bjae1 = :i* a cr$it "u subsection 7a7 0 all[$4 7#b7 ,national limitation ,= purposes ( p>agraph 7#a77;,a71 ! national limitation is ! excess (-- 7,a7 #ge1jjj1jjj metric tons ( qualifi$ c>bon dioxide1 ov] 7,b7 ! numb] ( metric tons ( qualifi$ c>bon dioxide captur$ be=e ,augu/ #a1 #bjae1 = :i* a cr$it "u subsection 7a7 0 all[$4 4 7#b7 ,allocation & c]tification ,section #de,q ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,allocation = & c]tification ( c>bon capture projects 7#a7 ,e/abli%m5t ( proc$ures ,n lat] ?an ,july #a1 #bjae1 ! ,secret>y %all e/abli%1 by regulation1 processes & proc$ures-- 7,a7 = allocat+ ! national limitation "u subsection 7e77#b7 to projects = plac+ c>bon capture equipm5t 9 s]vice at qualifi$ facilities1 & 7,b7 = c]tify+ projects = :i* an allocation has be5 made "u subp>agraph 7,a74 7#b7 ,allocations 7,a7 ,application ,ea* applicant = an allocation "u ?is subsection %all submit an application to ! ,secret>y "u su* t]ms & conditions z are e/abli%$ by ! ,secret>y 9 regulations4 7,b7 ,priority ,! ,secret>y %all rank applications receiv$ "u subp>agraph 7,a7 9 ! foll[+ ord]3 7i7 ,applicants ) applications receiv$ by ! ,secret>y on an e>li] date %all be giv5 high] priority ?an applicants ) applications receiv$ on a lat] date4 ,= purposes ( ?is clause1 any application receiv$ be=e ! date t is #cj days aft] ! proc$ures & processes describ$ 9 p>agraph 7#a7 are e/abli%$ %all be consid]$ to h be5 receiv$ on su* date4 7ii7 ,9 ! case ( applications receiv$ on ! same date1 ^? applicants concurr5tly apply+ = c]tification %all be giv5 high] priority4 7iii7 ,9 ! case ( applications receiv$ on ! same date & concurr5tly apply+ = c]tification1 ^? projects ) ! e>li] date by :i* con/ruction comm5c$ %all be giv5 high] priority4 7,c7 ,allocation to applicants ,subject to subp>agraph 7,d71 ! ,secret>y %all allocate tonnage to ea* applicant-- 7i7 bas$ on ! am\nt reque/$ on ! application1 & 7ii7 9 ord] ( ! rank ( ! application "u subp>agraph 7,b71 until ! am\nt ( tonnage available "u ?is section is exhau/$4 ,projects = :i* no or a p>tial allocation is made %all reta9 _! rank+ & %all be eligible to receive an allocation ( tonnage previ\sly allocat$ t is =feit$ or recaptur$4 7,d7 ,limitation ,! ,secret>y may n allocate to any project m ?an ! less] (-- 7i7 ! numb] ( metric tons ( qualifi$ c>bon dioxide project$ to be captur$ at ! qualifi$ facility "u ! project dur+ ! #aj-ye> p]iod beg9n+ on ! date on :i* su* project is plac$ 9 s]vice1 7ii7 ! numb] ( metric tons ( qualifi$ c>bon dioxide project$ to be captur$ at ! qualifi$ facility "u ! project-- 7,i7 :i* are subject to a writt51 b9d+ contract = disposal 9 secure geological /orage 7:e!r or n us$ z a t]ti>y injectant71 or 7,,ii7 = :i* !re is a plan = su* disposal by ! applicant1 or 7iii7 #ae1jjj1jjj metric tons ( qualifi$ c>bon dioxide4 7,e7 ,r$uction = prior cr$its ,! am\nt ( any allocation "u subp>agraph 7,c7 to any project %all be r$uc$ by ! numb] ( metric tons ( c>bon dioxide captur$ by ! c>bon capture equipm5t ) respect to su* project be=e ,augu/ #a1 #bjae1 = :i* a cr$it 0 all[$ "u subsection 7a74 7#c7 ,c]tification 7,a7 ,9 g5]al ,no cr$it %all be all[$ "u subsection 7a7 ) respect to any project = us+ c>bon capture equipm5t to capture qualifi$ c>bon dioxide at a qualifi$ facility be=e ! date on :i* su* project is c]tifi$ "u ?is p>agraph4 7,b7 ,application = c]tification ,ea* project :i* is allocat$ a portion ( ! national limitation %all submit an application = c]tification to ! ,secret>y conta9+ su* in=mation z ! ,secret>y may require4 ,su* application %all be submitt$-- 7i7 n lat] ?an-- 7,i7 #f mon?s aft] ! date on :i* su* project receives an allocation1 & 7,,ii7 #cj days aft] ! lat] ( ! date on :i* ! regulations1 processes1 & proc$ures are e/abli%$ "u p>agraph 7#a7 or ! con/ruction />t date1 & 7ii7 n e>li] ?an ! con/ruction />t date4 ,= purposes ( ?is subp>agraph1 ! t]m con/ruction />t date means ! e>li] ( ! fir/ date on :i* physical "w on ! project ( a significant nature is und]tak5 or ! date by :i* #e p]c5t or m ( ! total co/ ( ! project has be5 sp5t4 7,c7 ,revocation ( c]tification 7i7 ,mat]ially inaccurate repres5tations ,! ,secret>y may revoke a c]tification "u ?is p>agraph if ! ,secret>y det]m9es t an applicant has made a mat]ially inaccurate repres5tation ) respect to ! project4 7ii7 ,failure to timely place equipm5t 9 s]vice ,a c]tification "u ?is p>agraph %all be revok$ 9 any case 9 :i* c>bon capture equipm5t ) respect to ! project is n plac$ 9 s]vice-- 7,i7 be=e ! date :i* is #e ye>s aft] ! date on :i* ! allocation 0 issu$1 9 ! case ( a new indu/rial facility1 or 7,,ii7 be=e ! date :i* is #c ye>s aft] ! date on :i* ! allocation 0 issu$1 9 ! case ( a modification ( an exi/+ indu/rial facility4 7,d7 ,reallocation ,9 any case-- 7i7 9 :i* a c]tification is revok$ "u subp>agraph 7,c71 or 7ii7 9 :i* a taxpay] to :om an allocation is made "u p>agraph 7#b7 fails to obta9 c]tification = a project "u ?is p>agraph1 ! am\nt ( national limitation :i* 0 allocat$ to su* project "u p>agraph 7#b7 %all be reallocat$ "u su* rules z e/abli%$ by ! ,secret>y "u regulations4 7#d7 ,public disclosure 7,a7 ,9 g5]al ,! ,secret>y %all1 )9 #cj days ( mak+ any allocation1 c]tification1 revocation1 or *ange 9 ! rank+ ( projects1 publicly disclose ! am\nt ( su* allocation1 a description ( ! project = :i* su* allocation1 c]tification1 or revocation 0 made1 & ! *ange 9 ! rank+ ( projects1 z ! case may be4 7,b7 ,annual report ,! ,secret>y %all issue an annual report summ>iz+ cr$its allocat$ & available = allocation4 4 7#c7 ,con=m+ am5dm5ts 7,a7 ,p>agraph 7#b7 ( section #de,q7c7 ( su* ,code is am5d$ by ins]t+ :i* is "p ( a project :i* is c]tifi$ "u subsection 7f77#c7 aft] c>bon capture equipm5t4 7,b7 ,p>agraph 7#c7 ( section #de,q7c7 ( su* ,code is am5d$ by /rik+ :i* & ins]t+ at :i* su* c>bon capture equipm5t4 7b7 #aj-,ye> cr$it limitation ,section #de,q7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 p>agraph 7#a77;,a71 by ins]t+ dur+ ! #aj-ye> p]iod beg9n+ on ! lat] ( ! date on :i* ! c>bon capture equipm5t describ$ 9 subsection 7c77#a7 is plac$ 9 s]vice or ! date on :i* ! project ) respect to su* c>bon capture equipm5t 0 c]tifi$ "u subsection 7f77#c7 aft] qualifi$ facility1 & 7#b7 9 p>agraph 7#b77;,a71 by ins]t+ dur+ ! #aj-ye> p]iod beg9n+ on ! lat] ( ! date on :i* ! c>bon capture equipm5t describ$ 9 subsection 7c77#a7 is plac$ 9 s]vice or ! date on :i* ! project ) respect to su* c>bon capture equipm5t 0 c]tifi$ "u subsection 7f77#c7 aft] qualifi$ facility4 7c7 ,def9ition ( c>bon capture equipm5t ,section #de,q7d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#h7 ,c>bon capture equipm5t ,! t]m c>bon capture equipm5t means equipm5t to capture & pressurize qualifi$ c>bon dioxide4 4 7d7 ,cr$it all[$ to taxpay] p]=m+ c>bon capture 7#a7 ,9 g5]al ,p>agraph 7#e7 ( section #de,q7d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#e7 ,p]son to :om cr$it is all[able 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b7 or 9 regulations prescrib$ by ! ,secret>y1 any cr$it "u ?is section %all be all[$ to ! taxpay] :o-- 7i7 captures ! qualifi$ c>bon dioxide1 & 7ii7 ?r\gh contract or o!rwise1 disposes ( ! qualifi$ c>bon dioxide 9 a mann] meet+ ! requirem5ts ( p>agraph 7#a77;,b7 or 7#b77;,c7 ( subsection 7a71 z ! case may be4 7,b7 ,election to all[ cr$it to p]son dispos+ c>bon dioxide ,if ! p]son describ$ 9 subp>agraph 7,a7 makes an election "u ?is subp>agraph 9 su* mann] z ! ,secret>y may prescribe by regulations1 ! cr$it "u ?is section-- 7i7 %all be all[able to ! p]son t disposes ( qualifi$ c>bon dioxide 9 a mann] meet+ ! requirem5ts ( p>agraph 7#a77;,b7 or 7#b77;,c7 ( subsection 7a71 z ! case may be1 & 7ii7 %all n be all[able to ! p]son describ$ 9 subp>agraph 7,a74 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #de,q7a7 ( su* ,code is am5d$ by /rik+ by ! taxpay] ea* place x appe>s 9 p>agraphs 7#a77;,b71 7#b77;,b71 & 7#b77;,c74 7,b7 ,section #de,q7c7 ( su* ,code1 z am5d$ by subsection 7a71 is am5d$ by /rik+ p>agraph 7#a7 & r$esignat+ p>agraphs 7#b7 & 7#c7 z p>agraphs 7#a7 & 7#b71 respectively4 7e7 ,rules relat+ ,to cr$it recapture ,p>agraph 7#f7 ( section #de,q7d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new s5t5ce3 ,not)/&+ section #ghje7;b71 any regulation issu$ pursuant to ?is p>agraph %all apply only ) respect to qualifi$ c>bon dioxide captur$ or dispos$ ( aft] ! date on :i* su* regulation is fil$ ) ! ,f$]al ,regi/]44 7f7 ,effective date ,! am5dm5ts made by ?is section %all apply to c>bon dioxide captur$ aft] ,july #ca1 #bjae4 ,,iii ,inc5tives = c>bon capture & seque/ration projects #cja4 ,f$]al f9ancial inc5tives 7a7 ,eligible projects ,section #agjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afeac7 is am5d$-- 7#a7 9 subsection 7b77#e71 by ins]t+ & projects describ$ 9 subsection 7f7 be=e ! p]iod at ! end2 & 7#b7 by add+ at ! end ! foll[+3 7f7 ,c>bon capture & seque/ration projects 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,comm]cial scale ,! t]m comm]cial scale means1 ) respect to an electric g5]ation unit1 a unit t is design$-- 7i7 to g5]ate & sell electric p[] directly to consum]s or = resale2 & 7ii7 ) a c>bon dioxide capture sy/em hav+ a useful life ( n few] ?an #ae ye>s4 7,b7 ,eligible unit ,! t]m eligible unit has ! mean+ giv5 ! t]m 9 section #hd;,e ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,c7 ,p]man5t geologic /orage site ,! t]m p]man5t geologic /orage site means a site t-- 7i7 ! ,secret>y det]m9es is capable ( /or+ c>bon dioxide2 & 7ii7 is locat$ 9 sal9e =mations or o!r deep geologic /orage /ructures4 7#b7 ,gu>antees au?oriz$ ,not)/&+ subsection 7a77#b71 ! ,secret>y may make gu>antees 9 am\nts total+ n m ?an #bj1jjj1jjj1jjj = ! foll[+ c>bon capture & seque/ration projects3 7,a7 ,! con/ruction ( new indu/rial facility units or comm]cial scale electric g5]ation units t are eligible units utiliz+ c>bon capture & seque/ration te*nology4 7,b7 ,! retr(it ( exi/+ indu/rial facility units or comm]cial scale electric g5]ation units t are eligible units provid+ = c>bon capture & seque/ration4 7,c7 ,! con/ruction ( c>bon dioxide transmission pipel9es to transport c>bon dioxide f c>bon capture & seque/ration facilities to-- 7i7 seque/ration sites2 or 7ii7 sites :]e ! c>bon dioxide w be us$ = hydroc>bon recov]y4 7#c7 ,c]tification ( eligible units ,a unit %all n be eligible to receive a gu>antee "u p>agraph 7#b7 unless ! ,secret>y has c]tifi$ ! unit pursuant to a c]tification process e/abli%$ by ! ,secret>y by rule4 4 7b7 ,additional au?orization ,section #agjd ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afead7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,additional au?orization ,9 addition to o!r am\nts made available "u ?is section1 !re is au?oriz$ to be appropriat$ su* sums z are necess>y to cov] ! cr$it loan subsidy co/s associat$ ) ! gu>antees describ$ 9 section #agjc7;f74 4 7c7 ,tax cr$its 7#a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #dh;,d ! foll[+ new section3 #dh;,e4 ,pione] ,,ccs facilities 7a7 ,additional qualify+ advanc$ coal project cr$it ,= purposes ( section #df1 ! qualify+ advanc$ coal project cr$it = any taxable ye> %all also include an additional am\nt equal to ! applicable p]c5tage 7z det]m9$ "u subsection 7c77 ( ! increm5tal co/ = c>bon capture & seque/ration sy/ems = eligible units1 det]m9$ z foll[s3 7#a7 ,= an eligible unit t is a new electric g5]ation unit1 ! increm5tal co/s %all be ! am\nt by :i* ! co/s incurr$ by ! taxpay] = ! unit exce$ ! co/s ( con/ruction ( a comp>able sup]critical pulv]iz$ coal unit )\t c>bon capture & seque/ration te*nology4 ,to e/abli% increm5tal co/s1 ! taxpay] %all obta9 a c]tifi$ report ( a qualifi$ indep5d5t eng9e] e/imat+ ! diff]5tial con/ruction co/ betwe5 ! eligible unit & a comp>ably siz$ sup]critical pulv]iz$ coal unit )\t c>bon capture & seque/ration4 ,! indep5d5t eng9e] %all utilize co/ e/imates = sup]critical pulv]iz$ coal units available f ,f$]al ag5cies1 academia &_/or ! private sector1 appropriately adju/$ = size1 fuel s\rce & location4 ,an eng9e]+ design ( a hypo!tical sup]critical pulv]iz$ coal unit %all n be requir$ to e/abli% ! increm5tal co/s4 7#b7 ,= an eligible unit t is a new indu/rial unit1 ! increm5tal co/s %all be ! am\nt by :i* ! co/s incurr$ by ! taxpay] = ! unit exce$ ! co/s ( con/ruction ( a comp>able indu/rial unit )\t c>bon capture & seque/ration4 7#c7 ,= an eligible unit t retr(its a c>bon capture1 transportation1 & seque/ration sy/em on an exi/+ g5]ation or indu/rial unit1 ! increm5tal co/ %all be ! con/ruction co/s incurr$ by ! taxpay] = ! c>bon capture & seque/ration sy/em4 7#d7 ,! ,secret>y ( ,en]gy %all c]tify ! am\nt ( increm5tal co/ = c>bon capture & seque/ration sy/ems = eligible units 9 ea* case1 bas$ on appropriate in=mation4 7b7 ,eligible unit ,= purposes ( ?is section1 ! t]m eligible unit means an electric g5]ation unit or indu/rial facility unit locat$ 9 ! ,unit$ ,/ates t-- 7#a7 uses coal or petroleum coke = at lea/ #ge p]c5t ( ! fuel us$ by ! unit1 7#b7 uses c>bon capture te*nology to capture & seque/] n less ?an #fe p]c5t ( ! total c>bon dioxide emissions ( ! unit1 7#c7 transports su* captur$ c>bon dioxide to a p]man5t geologic /orage site 9 ! ,unit$ ,/ates or to a site on ! ,nor? ,am]ican cont95t = use = hydroc>bon recov]y1 & 7#d7 provides = ! p]man5t /orage ( su* c>bon dioxide 9 su* site4 7c7 ,applicable p]c5tage 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! applicable p]c5tage %all be ! am\nt 7express$ z a p]c5tage7 equal to ! sum (-- 7,a7 #ae p]c5t1 & 7,b7 ! am\nt 7express$ z a p]c5tage7 :i* be>s ! same ratio to #ae p]c5t z ! captur$ emissions p]c5tage 7z det]m9$ "u p>agraph 7#b77 be>s to #ce p]c5t4 7#b7 ,c>bon dioxide emissions captur$ ,= purposes ( p>agraph 7#a71 ! captur$ emissions p]c5tage %all be equal to-- 7,a7 ! p]c5tage ( total c>bon dioxide emissions ( ! eligible unit t is captur$ & seque/]$1 m9us 7,b7 #fe p]c5tage po9ts4 7d7 ,election ,no co/s = :i* a cr$it has be5 provid$ "u section #dh;,a or section #dh;,b %all be eligible = a cr$it "u ?is section4 7e7 ,recapture ,! ,secret>y %all1 by regulations1 provide = recaptur+ ! b5efit ( any cr$it all[able "u subsection 7a7 ) respect to any unit t fails to atta9 or ma9ta9 ! requirem5ts "u subsection 7b74 4 7#b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,d ! foll[+ new item3 #dh;,e4 ,pione] ,,ccs facilities4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to-- 7#a7 new facilities plac$ 9 s]vice aft] ,decemb] #ca1 #bjad1 & be=e ,janu>y #a1 #bjbf2 & 7#b7 ! retr(it ( exi/+ facilities t comm5ce op]ation ) ! retr(it aft] ,decemb] #ca1 #bjad1 & be=e ,janu>y #a1 #bjbf4