,,ii  ,calendar ,no4 #eb  #aadth        
,,congress  #ast ,session  ,s4 #iai     
,report ,no4 #aad-bi  ,,in ,,the        
,,senate ,,of ,,the ,,united ,,states   
,april #ad1 #bjae ,mr4 ,hatch1 from the 
,committee on ,finance1 reported the    
following original bill2 which was read 
twice and placed on the calendar  ,a    
,,bill  ,to exclude from gross income   
certain clean coal power grants to      
non-corporate taxpayers4  #a4 ,exclusion
 from gross income of certain clean coal
 power grants to non-corporate taxpayers
  7a7 ,general rule ,in the case of an  
eligible taxpayer other than a          
corporation1 gross income for purposes  
of the ,internal ,revenue ,code of #aihf
 shall not include any amount which--   
7#a7 is received under section #djb of  
the ,energy ,policy ,act of #bjje1 and  
7#b7 if received by a corporation1 would
 be excluded from gross income under    
section #aah of the ,internal ,revenue  
,code of #aihf4  7b7 ,reduction in basis
 ,the basis of any property subject to  

the allowance for depreciation or       
amortization under the ,internal        
,revenue ,code of #aihf which is        
acquired with any amount to which       
subsection 7a7 applies during the       
#ab-month period beginning on the day   
such amount is received shall be reduced
 by an amount equal to such amount4 ,the
 excess 7if any7 of such amount over the
 amount of the reduction under the      
preceding sentence shall be applied to  
the reduction 7as of the last day of the
 period specified in the preceding      
sentence7 of the basis of any other     
property held by the taxpayer4 ,the     
particular properties to which the      
reductions required by this subsection  
are allocated shall be determined by the
 ,secretary of the ,treasury 7or the    
,secretary's delegate7 under regulations
 similar to the regulations under       
section #cfb7;c77#b7 of such ,code4  7c7
 ,eligible taxpayer ,for purposes of    
this section1 with respect to any amount
 received under section #djb of the     

,energy ,policy ,act of #bjje1 the term 
eligible taxpayer means a taxpayer that 
makes a payment to the ,secretary of the
 ,treasury 7or the ,secretary's         
delegate7 equal to #a4ah percent of the 
amount so received4 ,such payment shall 
be made at such time and in such manner 
as such ,secretary 7or the ,secretary's 
delegate7 shall prescribe4 ,in the case 
of a partnership1 such ,secretary 7or   
the ,secretary's delegate7 shall        
prescribe regulations to determine the  
allocation of such payment amount among 
the partners4  7d7 ,effective date ,this
 section shall apply to amounts received
 under section #djb of the ,energy      
,policy ,act of #bjje in taxable years  
beginning after ,december #ca1 #bjaa4   
,april #ad1 #bjae,read twice and placed 
on the calendar