,,ii  #aae? ,,congress  #b;d ,session   
,s4 #bfgg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #af1 #bjah,mrs4 
,capito introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,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$it   
7#a7 ,9 g5]al ,) respect to a cr$it "u  
subsection 7a7 = any taxable ye>1 a     
taxpay] may elect to transf] all or any 
portion ( su* cr$it to any eligible     
project p>tn] z specifi$ 9 su* election 
& su* eligible project p>tn]1 n !       
taxpay]1 %all be entitl$ to claim !     
cr$it = su* taxable ye>4  7#b7 ,election
 to transf] ,! taxpay] may elect to     

transf] all or any portion ( ! cr$it to 
an eligible project p>tn] by atta*+ a   
/atem5t to ! taxpay]'s tax return = !   
taxable ye> 9 :i* ! qualifi$ exp5ses 7  
paid or incurr$1 provid+ su* in=mation z
 is necess>y = ! ,secret>y to adequately
 id5tify ! eligible project p>tn] & !   
am\nt ( ! cr$it be+ transf]r$4  7#c7    
,application to qualifi$ public entities
  7,a7 ,9 g5]al ,= purposes ( ?is       
subsection1 ! t]m taxpay] %all include a
 qualifi$ public entity4  7,b7 ,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#d7 ,eligible project   
p>tn] ,) respect to coal-p[]$ electric  
g5]ation unit1 ! t]m eligible project   

p>tn] means any p]son :o-- 7,a7 is      
responsible = op]at+1 ma9ta9+1 or       
repair+ su* unit1  7,b7 p>ticipates 9 ! 
provision1 includ+ transportation1 (    
coal or o!r mat]ials & supplies to su*  
unit1  7,c7 provides f9anc+ = !         
con/ruction1 expansion1 repair1 or      
op]ation ( su* unit1 or  7,d7 leases su*
 unit4  7#e7 ,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 level1 ! 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#b71  
su* cr$it %all be tak5 into acc\nt 9 !  
fir/ taxable ye> ( ! eligible project   
p>tn] end+ )1 or aft]1 ! taxpay]'s      
taxable ye> ) respect to :i* ! cr$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 ! basis1 if any1
 ( 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$it ,to  
be "p ( g5]al bus9ess cr$it  7#a7 ,9    
g5]al ,section #ch7;b7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
plus at ! end ( p>agraph 7#cf71 by /rik+
 ! p]iod at ! end ( p>agraph 7#cg7 &    
ins]t+ 1 plus1 & by add+ at ! end !     
foll[+ new p>agraph3  7#ch7 ! coal-p[]$ 
electric g5]ation unit cr$it det]m9$ "u 
section #de,t7a74  4  7#b7 ,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