,,ii #aae? ,,congress #b;d ,session ,s4 #bfha ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #ag1 #bjah,mr4 ,man*9 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 ! ,en]gy ,reliability ,act ( #bjah4 #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-- 7#a7 uses coal to produce n less ?an #ge p]c5t ( ! electricity produc$ by su* unit1 & 7#b7 has con/ruct$ & in/all$ emissions controls pursuant to-- 7,a7 ! f9al rule ( ! ,environm5tal ,protection ,ag5cy entitl$ ,rule ,to ,r$uce ,int]/ate ,transport ( ,f9e ,p>ticulate ,matt] & ,ozone 7,clean ,air ,int]/ate ,rule72 ,revisions to ,acid ,ra9 ,program2 ,revisions to ! ,,nox ,,sip ,call 7#gj ,f$4 ,reg4 #beafb 7,may #ab1 #bjje77 7commonly kn[n z ! ,clean ,air ,int]/ate ,rule71 7,b7 ! f9al rule ( ! ,environm5tal ,protection ,ag5cy entitl$ ,f$]al ,implem5tation ,plans3 ,int]/ate ,transport ( ,f9e ,p>ticulate ,matt] & ,ozone & ,correction ( ,,sip ,approvals 7#gf ,f$4 ,reg4 #dhbjh 7,augu/ #h1 #bjaa77 7commonly kn[n z ! ,cross ,/ate ,air ,pollution ,rule71 7,c7 ! f9al rule ( ! ,environm5tal ,protection ,ag5cy entitl$ ,national ,emission ,/&>ds = ,haz>d\s ,air ,pollutants ,f ,coal- & ,oil-,fir$ ,electric ,utility ,/eam ,g5]at+ ,units & ,/&>ds ( ,p]=mance = ,fossil-,fuel-,fir$ ,electric ,utility1 ,indu/rial-,comm]cial-,in/itutional1 & ,small ,indu/rial-,comm]cial-,in/itutional ,/eam ,g5]at+ ,units 7#gg ,f$4 ,reg4 #icjd 7,febru>y #af1 #bjab77 7commonly kn[n z ! ,m]cury & ,air ,toxics ,/&>ds ,rule71 7,d7 ! f9al rule ( ! ,environm5tal ,protection ,ag5cy entitl$ ,regional ,haze ,regulations & ,guidel9es = ,be/ ,available ,retr(it ,te*nology 7,,b>t7 ,det]m9ations 7#gj ,f$4 ,reg4 #ciajd 7,july #f1 #bjje77 7commonly kn[n z ! ,regional ,haze regulations71 or 7,e7 any o!r ,f$]al emissions control requirem5ts applicable to an electric g5]ation plant t are equal to or m /r+5t ?an ! requirem5ts ( a rule describ$ 9 subp>agraph 7,a71 7,b71 7,c71 or 7,d74 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$it 7#a7 ,transf] to eligible project p>tn] 7,a7 ,9 g5]al ,) respect to a cr$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$it 7or portion !re(7 = ! taxable ye>4 7,b7 ,election to transf] ,! taxpay] may elect to transf] all or any portion ( ! cr$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$4 7#b7 ,eligible project p>tn] ,= purposes ( ?is subsection1 ! t]m eligible project p>tn] means1 ) respect to any coal-p[]$ electric g5]ation unit1 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 repair1 or op]ation ( su* unit1 or 7,d7 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 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#a71 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$4 7e7 ,basis adju/m5t ,= purposes ( ?is subtitle1 if a cr$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[$4 7f7 ,t]m9ation ,?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag1 & end+ be=e ,janu>y #a1 #bjbc4 4 7b7 ,assessm5t by ,f$]al ,en]gy ,regulatory ,commission 7#a7 ,9 g5]al ,9 ! case ( any coal-p[]$ electric g5]ation unit :i* has claim$ a cr$it "u section #de,t ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by subsection 7a771 ! ,f$]al ,en]gy ,regulatory ,commission %all require ! applicable reliability coord9ator to conduct an assessm5t analyz+ ! reliability & resili5ce attributes (f]$ by su* unit to ! regional grid 9 :i* x is locat$1 ) su* assessm5t to be complet$ n lat] ?an ,april #a1 #bjbc4 7#b7 ,report+ ,n lat] ?an ,june #a1 #bjbc1 ! ,f$]al ,en]gy ,regulatory ,commission %all report to ! relevant ,congressional committees-- 7,a7 ! results ( ! assessm5ts describ$ "u p>agraph 7#a72 & 7,b7 a recomm5dation z to :e!r ! cr$it "u section #de,t ( ! ,int]nal ,rev5ue ,code ( #aihf %\ld be am5d$ s z to apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbb4 7#c7 ,def9itions ,9 ?is subsection3 7,a7 ,applicable ,reliability ,coord9ator ,! t]m applicable reliability coord9ator means ! ,reliability ,coord9ator ( ! ,electric ,reliability ,organization 7z def9$ 9 section #bae7;a7 ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #bhbdo7a777 = ! region 9 :i* a coal-p[]$ electric g5]ation unit :i* has claim$ a cr$it "u section #de,t ( ! ,int]nal ,rev5ue ,code ( #aihf is locat$4 7,b7 ,relevant ,congressional ,committees ,! t]m relevant ,congressional committees means-- 7i7 ! ,committee on ,f9ance ( ! ,s5ate2 7ii7 ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives2 7iii7 ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate2 & 7iv7 ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives4 7c7 ,con=m+ am5dm5t ,section #eja7;c77#ab77;,i7 is am5d$ by ins]t+ or #de,t7d77#a7 aft] section #de;,j7e77,i74 7d7 ,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 7e7 ,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