,,ii  ,cal5d> ,no4 #eb  #aad? ,,congress
  #a/ ,session  ,s4 #iai  ,report ,no4  
#aad-bi  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,april #ad1 #bjae ,mr4 ,hat*1 
f ! ,committee on ,f9ance1 report$ !    
foll[+ orig9al bill2 :i* 0 read twice & 
plac$ on ! cal5d>  ,a ,,bill  ,to       
exclude f gross income c]ta9 clean coal 
p[] grants to non-corporate taxpay]s4   
#a4 ,exclusion f gross income ( c]ta9   
clean coal p[] grants to non-corporate  
taxpay]s  7a7 ,g5]al rule ,9 ! case ( an
 eligible taxpay] o!r ?an a corporation1
 gross income = purposes ( ! ,int]nal   
,rev5ue ,code ( #aihf %all n include any
 am\nt :i*--  7#a7 is receiv$ "u section
 #djb ( ! ,en]gy ,policy ,act ( #bjje1 &
  7#b7 if receiv$ by a corporation1 w\ld
 be exclud$ f gross income "u section   
#aah ( ! ,int]nal ,rev5ue ,code ( #aihf4
  7b7 ,r$uction 9 basis ,! basis ( any  
prop]ty subject to ! all[ance =         
depreciation or amortization "u !       
,int]nal ,rev5ue ,code ( #aihf :i* is   
acquir$ ) any am\nt to :i* subsection   

7a7 applies dur+ ! #ab-mon? p]iod beg9n+
 on ! day su* am\nt is receiv$ %all be  
r$uc$ by an am\nt equal to su* am\nt4 ,!
 excess 7if any7 ( su* am\nt ov] ! am\nt
 ( ! r$uction "u ! prec$+ s5t5ce %all be
 appli$ to ! r$uction 7z ( ! la/ day ( !
 p]iod specifi$ 9 ! prec$+ s5t5ce7 ( !  
basis ( any o!r prop]ty held by !       
taxpay]4 ,! p>ticul> prop]ties to :i* ! 
r$uctions requir$ by ?is subsection are 
allocat$ %all be det]m9$ by ! ,secret>y 
( ! ,treasury 7or ! ,secret>y's         
delegate7 "u regulations simil> to !    
regulations "u section #cfb7;c77#b7 (   
su* ,code4  7c7 ,eligible taxpay] ,=    
purposes ( ?is section1 ) respect to any
 am\nt receiv$ "u section #djb ( !      
,en]gy ,policy ,act ( #bjje1 ! t]m      
eligible taxpay] means a taxpay] t makes
 a paym5t to ! ,secret>y ( ! ,treasury  
7or ! ,secret>y's delegate7 equal to    
#a4ah p]c5t ( ! am\nt s receiv$4 ,su*   
paym5t %all be made at su* "t & 9 su*   
mann] z su* ,secret>y 7or ! ,secret>y's 
delegate7 %all prescribe4 ,9 ! case ( a 

p>tn]%ip1 su* ,secret>y 7or !           
,secret>y's delegate7 %all prescribe    
regulations to det]m9e ! allocation (   
su* paym5t am\nt among ! p>tn]s4  7d7   
,effective date ,?is section %all apply 
to am\nts receiv$ "u section #djb ( !   
,en]gy ,policy ,act ( #bjje 9 taxable   
ye>s beg9n+ aft] ,decemb] #ca1 #bjaa4   
,april #ad1 #bjae,read twice & plac$ on 
! cal5d>