Clean Coal Jobs Act of 2018

To amend the Internal Revenue Code of 1986 to extend the refined coal production tax credit and modify the qualifying advanced coal project credit. 1. Short title This Act may be cited as the Clean Coal Jobs Act of 2018 2. Extension of refined coal production tax credit (a) Extension of period for placing in service refined coal production facility Section 45(d)(8)(B) , or after December 31, 2017, and before January 1, 2021 (b) Extension of credit period for certain property placed in service before January 1, 2012 Section 45(e)(8) of such Code is amended by adding at the end the following new subparagraph: (E) Extension of period for certain property placed in service before January 1, 2012 In the case of a refined coal production facility which does not produce steel industry fuel and which is placed in service after the date of the enactment of the American Jobs Creation Act of 2004 and before January 1, 2012, subparagraph (A) shall be applied by substituting 20-year period 10-year period . (c) Effective date (1) Subsection (a) The amendment made by subsection (a) shall apply to property placed in service after December 31, 2017. (2) Subsection (b) The amendment made by subsection (b) shall apply to fuel produced and sold after the date of the enactment of this Act. 3. Modifications of qualifying advanced coal project credit (a) Sequestration requirement for certain equipment Section 48A(e)(1)(G) and 60 percent in the case of an application with respect to an electrical generating unit in existence on October 3, 2008 under subsection (d)(4) (b) Advanced coal-Based generation technology requirements (1) In general Section 48A(f)(1) of such Code is amended— (A) by striking generation technology.— For the purpose of this section generation technology.— (B) by striking generation technology if— the unit is designed generation technology if the unit is designed (2) Conforming amendments Section 48A(f) is amended— (A) by striking paragraphs (2) and (3); and (B) by striking in subparagraph (B) in this subsection (c) Performance requirements in case of best available control technology Section 48A(f) of such Code, as amended by this Act, is amended by adding at the end the following: In the case of a unit which has undergone a best available control technology analysis after August 8, 2005, with respect to the removal or emissions of any pollutant specified in the table contained in this subsection, the removal or emissions design level with respect to such pollutant shall be the level determined in such analysis. (d) Effective date The amendments made by this section shall apply to allocations and reallocations after the date of the enactment of this Act.

Summary: Clean Coal Jobs Act of 2018 This bill amends the Internal Revenue Code to extend the refined coal production tax credit and modify the tax credit for advanced coal projects. The bill extends the refined coal production tax credit for certain refined coal production facilities that do not produce steel industry fuel. With respect to these facilities, the bill extends the placed-in-service date to allow facilities placed in service in 2018, 2019, and 2020 to claim the credit. It also allows facilities that were placed in service after the enactment of the American Jobs Creation Act of 2004 (i.e., October 22, 2004), and before January 1, 2012, to claim the credit for an additional 10 years. The bill modifies the tax credit for advanced coal projects to: (1) lower the carbon dioxide sequestration requirement to 60% for electrical generating units in existence on October 3, 2008, and (2) revise certain technology and environmental performance requirements.