,,ii #aafth ,,congress #ast ,session ,s4 #djg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #g1 #bjai,mr4 ,hoeven 7for himself1 ,ms4 ,smith1 ,mr4 ,cramer1 ,mr4 ,manchin1 ,mr4 ,barrasso1 ,mr4 ,tester1 ,mr4 ,graham1 and ,mr4 ,daines7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to modify the qualifying advanced coal project credit1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,carbon ,capture ,modernization ,act4 #b4 ,modifications of qualifying advanced coal project credit 7a7 ,sequestration requirement for certain equipment ,section #dh;,a7e77#a77;,g7 of the ,internal ,revenue ,code of #aihf is amended by inserting and #fj percent in the case of an application for a reallocation of credits under subsection 7d77#d7 with respect to an electrical generating unit in existence on ,october #c1 #bjjh after under subsection 7d77#d74 7b7 ,nameplate generating capacity requirement ,section #dh;,a7e77#a77;,c7 of such ,code is amended by striking #djj megawatts and inserting #bjj megawatts4 7c7 ,advanced coal-,based generation technology requirements 7#a7 ,in general ,section #dh;,a7f77#a7 of such ,code is amended by striking generation technology if-- and all that follows through the unit is designed and inserting generation technology if the unit is designed4 7#b7 ,conforming amendments ,section #dh;,a7f7 is amended-- 7,a7 by striking all that precedes the purpose of this section and inserting the following3 7f7 ,advanced coal-,based generation technology ,for 1 7,b7 by striking in subparagraph 7,b7 in the second sentence and inserting in this subsection1 and 7,c7 by striking paragraphs 7#b7 and 7#c74 7d7 ,performance requirements in case of best available control technology ,section #dh;,a7f7 of such ,code1 as amended by this ,act1 is amended by adding at the end the following3 ,in the case of a retrofit of a unit which has undergone a best available control technology analysis after ,august #h1 #bjje1 with respect to the removal or emissions of any pollutant which is ,,so#b or ,n,ox1 the removal or emissions design level with respect to such pollutant shall be the level determined in such analysis44 7e7 ,clarification of reallocation authority ,section #dh;,a7d77#d7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in subparagraph 7,a7-- 7,a7 by striking ,not later than #f years after the date of enactment of this section1 the and inserting ,the1 and 7,b7 by inserting and every #f months thereafter until all credits available under this section have been allowed after the date which is #f years after the date of enactment of this section1 7#b7 in subparagraph 7,b7-- 7,a7 by striking may reallocate credits available under clauses 7i7 and 7ii7 of paragraph 7#c77;,b7 and inserting shall reallocate credits remaining available under paragraph 7#c71 7,b7 by striking or at the end of clause 7i71 and 7,c7 by striking clause 7ii7 and inserting the following3 7ii7 any applicant for certification which submitted an accepted application has subsequently failed to satisfy the requirements under paragraph 7#b77;,d71 or 7iii7 any certification made pursuant to paragraph 7#b7 has been revoked pursuant to paragraph 7#b77;,e74 1 and 7#c7 in subparagraph 7,c7-- 7,a7 by striking clause 7i7 or 7ii7 of paragraph 7#c77;,b7 and inserting paragraph 7#c71 7,b7 by striking is authorized to and inserting shall1 and 7,c7 by striking an additional program and inserting additional programs4 7f7 ,effective date 7#a7 ,in general ,except as provided in paragraph 7#b71 the amendments made by this section shall apply to allocations and reallocations after the date of the enactment of this ,act4 7#b7 ,reallocation ,the amendments made by subsection 7e7 shall apply to credits remaining available under section #dh;,a7d77#c7 of the ,internal ,revenue ,code of #aihf on the date of the enactment of this ,act4