I 

112TH CONGRESS 

2D SESSION H. R. 4826 

To amend the Internal Revenue Code of 1986 to allow additional investment 

credits for qualifying supercritical advanced coal projects. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 26, 2012 

Mr. DAVIS of Kentucky introduced the following bill; which was referred to 

the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to allow additional investment credits for qualifying supercritical advanced coal projects. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Supercritical Advanced 

5 Coal Project Incentive Act of 2012’’. 

6 SEC. 2. ADDITIONAL TAX CREDITS FOR QUALIFYING 

7 SUPERCRITICAL ADVANCED COAL PROJECTS. 

8 (a) 30 PERCENT CREDIT PERCENTAGE.—Paragraph 

9 (3) of section 48A(a) of the Internal Revenue Code of 

10 1986 is amended by inserting ‘‘or (iv)’’ after ‘‘(iii)’’. 

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1 (b) SUPERCRITICAL ADVANCED COAL-BASED GEN2 ERATION TECHNOLOGY PROJECT DEFINED.—Subsection 

3 (c) of section 48A of such Code is amended by adding 

4 at the end the following: 

5 ‘‘(8) The term ‘supercritical advanced coal6 based generation technology project’ means a quali7 fying advanced coal-based generation technology 

8 project which includes a coal-fired boiler that— 

9 ‘‘(A) in lieu of the requirements under sub10 section (f)(1)(A)(ii), reaches an electricity gen11 erating efficiency of at least 36 percent, and 

12 ‘‘(B) operates at a minimum pressure of 

13 3,200 pounds per square inch.’’. 

14 (c) APPLICATION PERIOD FOR CERTIFICATION.— 

15 Subparagraph (A) of section 48A(d)(2) of such Code is 

16 amended by striking ‘‘and’’ at the end of clause (i), by 

17 striking the period at the end of clause (ii) and inserting 

18 ‘‘, and’’, and by adding at the end the following: 

19 ‘‘(iii) for an allocation from the dollar 

20 amount specified in paragraph (3)(B)(iv) 

21 during the 3-year period beginning at ear22 lier of the termination of the period de23 scribed in clause (ii) or the date prescribed 

24 by the Secretary.’’. 

25 (d) AGGREGATE CREDITS.— 

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1 (1) IN GENERAL.—Subparagraph (A) of section 

2 48A(d)(3) of such Code is amended by striking 

3 ‘‘$2,550,000,000’’ and inserting ‘‘$3,800,000,000’’. 

4 (2) SUPERCRITICAL ADVANCED COAL-BASED

5 GENERATION TECHNOLOGY PROJECTS.—Subpara6 graph (B) of section 48A(d)(3)(B) is amended by 

7 striking ‘‘and’’ at the end of clause (ii), by striking 

8 the period at the end of clause (iii) and inserting ‘‘, 

9 and’’, and by adding at the end the following: 

10 ‘‘(iv) $1,250,000,000 for supercritical 

11 advanced coal-based generation technology 

12 projects the application for which is sub13 mitted during the period described in para14 graph (2)(A)(iii).’’. 

15 (e) CARBON DIOXIDE SEQUESTER.—Subparagraph 

16 (G) of section 48A(e)(1) of such Code is amended by strik17 ing ‘‘subsection (d)(2)(A)(ii)’’ and inserting ‘‘clause (ii) or 

18 (iii) of subsection (d)(2)(A)’’. 

19 (f) EFFECTIVE DATE.—The amendments made by 

20 this section shall apply to periods after the date of the 

21 enactment of this Act under rules similar to the rules of 

22 section 48(m) of the Internal Revenue Code of 1986 (as 

23 in effect on the day before the date of the enactment of 

24 the Revenue Reconciliation Act of 1990). 

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