,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #ebgj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #ad1 #bjah,mr4   
,buc%on 7= himself1 ,mr4 ,b>ton1 ,mr4   
,cram]1 ,mr4 ,b>r1 ,mr4 ,j5k9s ( ,we/   
,virg9ia1 & ,mr4 ,mc,kinley7 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to all[ a cr$it aga9/ tax =       
coal-p[]$ electric g5]ation units4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,electricity ,reliability & ,fuel       
,security ,act4  #b4 ,coal-p[]$ electric
 g5]ation unit cr$it  7a7 ,f$]al tax    
cr$it = coal-,p[]$ electric g5]ation    
units ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #de,t4 ,coal-p[]$  
electric g5]ation unit cr$it  7a7 ,9    
g5]al ,= purposes ( section #ch1 9 !    
case ( a taxpay] :o owns or leases a    
coal-p[]$ electric g5]ation unit1 !     
coal-p[]$ electric g5]ation unit cr$it  

det]m9$ "u ?is section = a taxable ye>  
%all be an am\nt equal to ! less] ( #cj 
p]c5t ( qualifi$ exp5ses paid or incurr$
 by su* taxpay] 9 su* ye> or ! product  
(--  7#a7 #ac1 multipli$ by  7#b7 !     
nameplate capacity rat+ 9 kil[atts ( su*
 unit4  7b7 ,coal-,p[]$ electric        
g5]ation unit ,= purposes ( ?is section1
 ! t]m coal-p[]$ electric g5]ation unit 
means an electric g5]ation unit 7z def9$
 9 section #dh;,a7c77#f77 t uses coal to
 produce n less ?an #ge p]c5t ( !       
electricity produc$ by su* unit4  7c7   
,qualifi$ exp5ses ,= purposes ( ?is     
section1 ! t]m qualifi$ exp5ses means   
am\nts paid or incurr$ = ! op]ation or  
ma9t5ance ( a coal-p[]$ electric        
g5]ation unit1 o!r ?an am\nts paid or   
incurr$ = coal4  7d7 ,transf] ( cr$it by
 c]ta9 public entities  7#a7 ,9 g5]al   
,if1 ) respect to a cr$it "u subsection 
7a7 = any taxable ye>-- 7,a7 a qualifi$ 
public entity w\ld be ! taxpay] 7b = ?is
 p>agraph71 &  7,b7 su* entity elects ! 
application ( ?is p>agraph = su* taxable

 ye> ) respect to all 7or any portion   
specifi$ 9 su* election7 ( su* cr$it1 ! 
eligible project p>tn] specifi$ 9 su*   
election1 & n ! qualifi$ public entity1 
%all be treat$ z ! taxpay] = purposes ( 
?is title ) respect to su* cr$it 7or su*
 portion !re(74  7#b7 ,def9itions ,=    
purposes ( ?is subsection-- 7,a7        
,qualifi$ public entity ,! t]m qualifi$ 
public entity means--  7i7 a ,f$]al1    
,/ate1 or local gov]nm5t entity1 or any 
political subdivision1 ag5cy1 or        
in/rum5tality !re(1  7ii7 a mutual or   
coop]ative electric company describ$ 9  
section #eja7;c77#ab7 or #acha7;a77#b71 
or  7iii7 a n-=-pr(it electric utility  
:i* _h or has receiv$ a loan or loan    
gu>antee "u ! ,rural ,electrification   
,act ( #aicf4  7,b7 ,eligible project   
p>tn] ,) respect to coal-p[]$ electric  
g5]ation unit1 ! t]m eligible project   
p>tn] means any p]son :o-- 7i7 is       
responsible = op]at+1 ma9ta9+1 or       
repair+ su* unit1  7ii7 p>ticipates 9 ! 
provision1 includ+ transportation1 (    

coal to su* unit1  7iii7 provides f9anc+
 = ! con/ruction or op]ation ( su* unit1
 or  7iv7 leases su* unit4  7#c7        
,special rules  7,a7 ,application to    
p>tn]%ips ,9 ! case ( a cr$it "u        
subsection 7a7 :i* is det]m9$ at !      
p>tn]%ip level--  7i7 = purposes (      
p>agraph 7#a77;,a71 a qualifi$ public   
entity %all be treat$ z ! taxpay] )     
respect to su* entity's di/ributive %>e 
( su* cr$it1 &  7ii7 ! t]m eligible     
project p>tn] %all include any p>tn] ( !
 p>tn]%ip4  7,b7 ,taxable ye> 9 :i*     
cr$it tak5 into acc\nt ,9 ! case ( any  
cr$it 7or portion !re(7 ) respect to :i*
 an election is made "u p>agraph 7#a71  
su* cr$it %all be tak5 into acc\nt 9 !  
fir/ taxable ye> ( ! eligible project   
p>tn] end+ )1 or aft]1 ! qualifi$ public
 entity's taxable ye> ) respect to :i* !
 cr$it 0 det]m9$4  7,c7 ,treatm5t (     
transf] "u private use rules ,= purposes
 ( section #ada7;b77#a71 any b5efit     
d]iv$ by an eligible project p>tn] 9    
connection ) an election "u ?is         

subsection %all n be tak5 into acc\nt z 
a private bus9ess use4  7e7 ,basis      
adju/m5t ,= purposes ( ?is subtitle1 if 
a cr$it is all[$ "u ?is section )       
respect to any coal-p[]$ electric       
g5]ation unit1 ! basis ( su* prop]ty    
%all be r$uc$ by ! am\nt ( ! cr$it s    
all[$4  7f7 ,t]m9ation ,?is section %all
 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjag1 & end+ be=e ,janu>y
 #a1 #bjbc4  4  7b7 ,con=m+ am5dm5t     
,section #eja7;c77#ab77;,i7 is am5d$ by 
ins]t+ or #de,t7d77#a7 aft] section     
#de;,j7e77,i74  7c7 ,cr$it all[$ aga9/  
alt]native m9imum tax ,subp>agraph 7,b7 
( section #ch7;c77#d7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$--  7#a7  
by r$esignat+ clauses 7x71 7xi71 & 7xii7
 z clauses 7xi71 7xii71 & 7xiii71       
respectively2 &  7#b7 by ins]t+ aft]    
clause 7ix7 ! foll[+ new clause3  7x7 ! 
cr$it det]m9$ "u section #de,t1  4  7d7 
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a is am5d$ by add+ at ! end !    

foll[+ new item3  ,sec4 #de,t4          
,coal-p[]$ electric g5]ation unit cr$it4
  4