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year shall not exceed the amount which bears the 
same ratio to such amount of credit as— 
‘‘(A) the national megawatt capacity limi-
tation allocated to the facility, bears to 
‘‘(B) the total megawatt nameplate capacity 
of such facility. 
‘‘(2) AMOUNT
OF
NATIONAL
LIMITATION.—The 
national megawatt capacity limitation shall be 6,000 
megawatts. 
‘‘(3) ALLOCATION
OF
LIMITATION.—The Sec-
retary shall allocate the national megawatt capacity 
limitation in such manner as the Secretary may pre-
scribe. 
‘‘(4) REGULATIONS.—Not later than 6 months 
after the date of the enactment of this section, the Sec-
retary shall prescribe such regulations as may be nec-
essary or appropriate to carry out the purposes of 
this subsection. Such regulations shall provide a cer-
tification process under which the Secretary, after 
consultation with the Secretary of Energy, shall ap-
prove and allocate the national megawatt capacity 
limitation. 
‘‘(c) OTHER LIMITATIONS.— 
‘‘(1) ANNUAL LIMITATION.—The amount of the 
credit allowable under subsection (a) (after the appli-
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cation of subsection (b)) for any taxable year with re-
spect to any facility shall not exceed an amount 
which bears the same ratio to $125,000,000 as— 
‘‘(A) the national megawatt capacity limi-
tation allocated under subsection (b) to the facil-
ity, bears to 
‘‘(B) 1,000. 
‘‘(2) OTHER LIMITATIONS.—Rules similar to the 
rules of section 45(b)(1) shall apply for purposes of 
this section. 
‘‘(d) ADVANCED NUCLEAR POWER FACILITY.—For 
purposes of this section— 
‘‘(1) IN GENERAL.—The term ‘advanced nuclear 
power facility’ means any advanced nuclear facil-
ity— 
‘‘(A) which is owned by the taxpayer and 
which uses nuclear energy to produce electricity, 
and 
‘‘(B) which is placed in service after the 
date of the enactment of this paragraph and be-
fore January 1, 2021. 
‘‘(2) ADVANCED NUCLEAR FACILITY.—For pur-
poses of paragraph (1), the term ‘advanced nuclear 
facility’ means any nuclear facility the reactor design 
for which is approved after December 31, 1993, by the
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Nuclear Regulatory Commission (and such design or 
a substantially similar design of comparable capacity 
was not approved on or before such date). 
‘‘(e) OTHER RULES TO APPLY.—Rules similar to the 
rules of paragraphs (1), (2), (3), (4), and (5) of section 
45(e) shall apply for purposes of this section.’’ 
(b) CREDIT TREATED AS BUSINESS CREDIT.—Section 
38(b) is amended by striking ‘‘plus’’ at the end of para-
graph (18), by striking the period at the end of paragraph 
(19) and inserting ‘‘, plus’’, and by adding at the end the 
following: 
‘‘(20) the advanced nuclear power facility pro-
duction credit determined under section 45J(a).’’. 
(c) CLERICAL AMENDMENT.—The table of sections for 
subpart D of part IV of subchapter A of chapter 1 is amend-
ed by adding at the end the following: 
‘‘Sec. 45J. Credit for production from advanced nuclear power fa-
cilities.’’. 
(d) EFFECTIVE DATE.—The amendments made by this 
section shall apply to production in taxable years beginning 
after the date of the enactment of this Act. 
SEC. 1508. CREDIT FOR INVESTMENT IN CLEAN COAL FA-
CILITIES. 
(a) IN GENERAL.—Section 46 (relating to amount of 
credit) is amended by striking ‘‘and’’ at the end of para-
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graph (1), by striking the period at the end of paragraph 
(2), and by adding at the end the following new paragraphs: 
‘‘(3) the qualifying advanced coal project credit, 
and 
‘‘(4) the qualifying gasification project credit.’’. 
(b) AMOUNT OF CREDITS.—Subpart E of part IV of 
subchapter A of chapter 1 (relating to rules for computing 
investment credit) is amended by inserting after section 48 
the following new sections: 
‘‘SEC. 48A. QUALIFYING ADVANCED COAL PROJECT CREDIT. 
‘‘(a) IN GENERAL.—For purposes of section 46, the 
qualifying advanced coal project credit for any taxable year 
is an amount equal to 20 percent of the qualified investment 
for such taxable year. 
‘‘(b) QUALIFIED INVESTMENT.— 
‘‘(1) IN GENERAL.—For purposes of subsection 
(a), the qualified investment for any taxable year is 
the basis of property placed in service by the taxpayer 
during such taxable year which is part of a quali-
fying advanced coal project— 
‘‘(A)(i) the construction, reconstruction, or 
erection of which is completed by the taxpayer, 
or
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‘‘(ii) which is acquired by the taxpayer if 
the original use of such property commences with 
the taxpayer, and 
‘‘(B) with respect to which depreciation (or 
amortization in lieu of depreciation) is allow-
able. 
‘‘(2) APPLICABLE RULES.—For purposes of this 
section, rules similar to the rules of subsection (a)(4) 
and (b) of section 48 shall apply. 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) QUALIFYING ADVANCED COAL PROJECT.— 
The term ‘qualifying advanced coal project’ means a 
project which meets the requirements of subsection (e). 
‘‘(2) ADVANCED COAL-BASED GENERATION TECH-
NOLOGY.—The term ‘advanced coal-based generation 
technology’ means a technology which meets the re-
quirements of subsection (g). 
‘‘(3) COAL.—The term ‘coal’ means any carbon-
ized or semicarbonized matter, including peat. 
‘‘(4) GREENHOUSE GAS CAPTURE CAPABILITY.— 
The term ‘greenhouse gas capture capability’ means 
an integrated gasification combined cycle technology 
facility capable of adding components which can cap-
ture, separate on a long-term basis, isolate, remove,