In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Union Member Protection Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Labor unions make significant political contributions 
        and expenditures that directly or indirectly influence the 
        election of candidates and support or oppose political causes. 
        Decisions to use union dues for political contributions and 
        expenditures are usually made by union leadership and 
        management, rather than union membership.
            (2) Unions, acting through their management, should be 
        obligated to conduct business in the best interests of their 
        membership.
            (3) Historically, union members have not had a way to know, 
        or to influence, the political activities of unions that are 
        supposed to represent them. Union members and the public have a 
        right to know how unions are spending members' dues to make 
        political contributions or expenditures benefitting candidates, 
        political parties, and political causes.
            (4) Unions should be accountable to their membership in 
        making political contributions or expenditures affecting 
        Federal governance and public policy. Requiring the express 
        approval of a union's membership for political contributions or 
        expenditures will establish necessary accountability.

SEC. 3. DISCLOSURE AND APPROVAL OF CERTAIN POLITICAL EXPENDITURES.

    (a) In General.--Title II of the Labor-Management Reporting and 
Disclosure Act (29 U.S.C. 431 et seq.) is amended by inserting after 
section 201 the following:

``SEC. 201A. DISCLOSURE AND APPROVAL OF CERTAIN POLITICAL EXPENDITURES 
              BY LABOR ORGANIZATIONS.

    ``(a) Disclosure.--The report required under section 201 shall 
contain, in a clear and simple format--
            ``(1) a description of the specific nature of any 
        expenditures for political activities proposed to be made by 
        the labor organization for the forthcoming fiscal year, to the 
        extent the specific nature is known to the labor organization 
        and including the total amount of such proposed expenditures; 
        and
            ``(2) a disclosure of how each officer of the labor 
        organization voted to authorize or not to authorize each 
        expenditure for political activities made by the labor 
        organization during the preceding fiscal year.
    ``(b) Restriction on Expenditures.--No labor organization shall 
make any expenditure for political activities in any fiscal year 
unless--
            ``(1) such expenditure is of the nature of those proposed 
        by the labor organization pursuant to subsection (a); and
            ``(2) the full, free, and written authorization for such 
        expenditures has been granted by a majority of the members of 
        the labor organization.
    ``(c) Mechanism for Obtaining Authorization.--Not later than 1 year 
after the date of enactment of the Union Member Protection Act, every 
labor organization shall adopt a mechanism for obtaining, by secret 
ballot, the authorization of its members as required under subsection 
(b)(2).
    ``(d) Liability.--The officers of a labor organization who 
authorize an expenditure without first obtaining the authorization of 
members required under subsection (b)(2) shall be jointly and severally 
liable in any action brought in any court of competent jurisdiction to 
any member of the labor organization or class of members for the amount 
of dues paid by such member or class of member during the 1 year period 
prior to the date that such expenditure was made.
    ``(e) Definition of Expenditure for Political Activities.--As used 
in this section:
            ``(1) The term `expenditure for political activities' 
        means--
                    ``(A) an independent expenditure, as such term is 
                defined in section 301(17) of the Federal Election 
                Campaign Act of 1971 (2 U.S.C. 431(17));
                    ``(B) contributions to any political party, 
                committee, or electioneering communication, as such 
                term is defined in section 304(f)(3)(A) of the Federal 
                Election Campaign Act of 1971 (2 U.S.C. 434(f)(3)(A)); 
                and
                    ``(C) dues or other payments to trade associations 
                or other tax exempt organizations that are, or could 
                reasonably be anticipated to be, used for the purposes 
                described in subparagraph (A).
            ``(2) Such term shall not include--
                    ``(A) direct lobbying efforts through registered 
                lobbyists employed or hired by the labor organization;
                    ``(B) communications by a labor organization to its 
                members and executive or administrative personnel and 
                their families; or
                    ``(C) the establishment, administration, and 
                solicitation of contributions to a separate segregated 
                fund to be utilized for political purposes by a labor 
                organization.''.
    (b) Conforming Amendments.--
            (1) Section 201(c) of such Act (29 U.S.C. 431(c)) is 
        amended by striking ``make available the information required 
        to be contained in'' and inserting ``provide''.
            (2) Section 209(a) of such Act (29 U.S.C. 439(a)) is 
        amended by inserting ``other than section 201A'' after ``this 
        title''.

SEC. 4. REQUIREMENT OF VOTE BY PRINCIPAL OFFICERS.

    Section 201 of the Labor-Management Reporting and Disclosure Act 
(29 U.S.C. 431) is further amended by adding at the end the following:
    ``(f) The bylaws required under this section shall expressly 
provide for a vote of the principal officers of the labor organization 
on any individual expenditure for political activities (as such term is 
defined in section 201A(e)) in excess of $50,000. A labor organization 
shall make publicly available the individual votes of principal 
officers required by the preceding sentence within 48 hours of the 
vote, including in a clear and conspicuous location on the Internet 
website of the labor organization.''.

SEC. 5. REPORT.

    The Comptroller General of the United States shall annually conduct 
a study on the compliance with the requirements of this Act by labor 
organizations and their management. Not later than April 1 of each 
year, the Comptroller General shall submit to Congress a report of such 
study.

SEC. 6. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on the date of 
enactment of the Shareholder Protection Act of 2010.
Example Output: Union Member Protection Act - Amends the Labor-Management Reporting and Disclosure Act (Landrum-Griffin Act) to require a labor organization's mandatory report to the Secretary of Labor on its constitution, officers, and basic organization to include, in a clear and simple format, both: (1) a description of the specific nature and total amount of political expenditures the labor organization proposes to make for the upcoming fiscal year; and (2) a disclosure of how each labor organization officer voted on each political expenditure made by the organization during the preceding fiscal year.

Prohibits a labor organization from making political expenditures unless: (1) they are of the nature of those proposed in such report; and (2) they have received a full, free, and written authorization by secret ballot by a majority of the labor organization members.

Makes officers jointly and severally liable for authorizing a political expenditure without first obtaining the authorization of labor organization members.

Requires labor organization bylaws to provide expressly for a vote of the organization's principal officers on individual political expenditures in excess of $50,000. Requires a labor organization to make public the individual votes of such officers within 48 hours, including in a clear and conspicuous location on its website.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Cooperative 
Antiterrorism Act of 2002''.

SEC. 2. FINDINGS.

    Congress makes the following findings:
            (1) The use of terrorism is detestable and an illegitimate 
        means of political expression.
            (2) International terrorist organizations pose a direct 
        threat to the United States, and this threat is becoming more 
        acute and more difficult to prevent.
            (3) The threat from international terrorism is made far 
        more dangerous by the proliferation of chemical, biological, 
        and radiological weapons and the means to produce those 
        weapons.
            (4) The prosecution of the war against international 
        terrorist organizations must continue until those organizations 
        and the threat they pose to the people and interests of the 
        United States are eliminated.
            (5) The United States can only win the war on terrorism if 
        it receives cooperation from other countries and entities.
            (6) Protecting the United States homeland and United States 
        interests overseas from terrorism is of the highest priority in 
        the foreign relations of the United States.
            (7) Cooperation in the global war against international 
        terrorism must be a primary focus of United States foreign 
        relations, United States assistance, and international security 
        relations.
            (8) Winning the war on terrorism requires cooperation from 
        the international community, especially in the areas of 
        preventing the financing of terror, sharing information on 
        international terror networks, eliminating terror cells, and in 
        preventing the promotion of anti-Americanism and the 
        glorification of terrorism in state-owned media and state-
        controlled schools.
            (9) The promotion of terrorism, intolerance, and virulent 
        anti-Americanism in state-owned media and state-controlled 
        education systems is abhorrent and poses a long-term threat to 
        the safety and security of the United States as well as the 
        community of nations.
            (10) All countries and entities must be encouraged to 
        cooperate in the global war on international terrorism.
            (11) Many foreign governments and entities are doing little 
        to counter proterrorist and prointolerance messages to mass 
        audiences, including to school age children.
            (12) Countries providing direct or indirect assistance to 
        international terrorist organizations undermine the direct 
        security interests of the United States.
            (13) Countries demonstrating indifference to or providing 
        actual endorsement of international terror as a legitimate 
        political tool make a direct threat to the security interests 
        of the United States.
            (14) The National Commission on Terrorism established by 
        section 591 of the Foreign Operations Export Financing, and 
        Related Programs Appropriations Act, 1999, as enacted by Public 
        Law 105-277 (112 Stat. 2681-210), concluded that the United 
        States should strengthen its efforts to discourage the broad 
        range of assistance that countries provide to international 
        terrorists.
            (15) The National Commission on Terrorism further 
        recommends that the President make more effective use of 
        authority to designate foreign governments as ``not fully 
        cooperative'' with the United States counterterrorism efforts.
            (16) United States assistance programs and the transfer of 
        United States Munitions List items are a critical tool of 
        United States foreign policy and winning the global war on 
        terrorism.
            (17) Countries receiving United States assistance and the 
        export of items on the United States Munitions List must be 
        obligated to support the global war on international terror.
            (18) Several existing laws, including the USA Patriot Act 
        of 2001, the Antiterrorism and Effective Death Penalty Act of 
        1996, the Foreign Assistance Act of 1961, the Arms Export 
        Control Act, and the Export Administration Act of 1979 (or 
        successor statute), prohibit the provision of United States 
        assistance, and the licensing for export of items on the United 
        States Munitions List, to countries supporting terror or not 
        fully cooperating in antiterror efforts of the United States. 
        These laws should be expanded to include the definition of 
        ``fully cooperative in the global war against international 
        terrorism'' set forth in this Act, including preventing 
        promotion of terror in state-owned and controlled media and 
        educational systems.

SEC. 3. STATEMENT OF POLICY.

    It shall be the policy of the United States that--
            (1) no United States assistance may be provided to any 
        foreign country or entity that is not making a maximum effort 
        to be fully cooperative in the global war against international 
        terrorism; and
            (2) no license for export of an item on the United States 
        Munitions List to a country or entity may be issued if that 
        country or entity is not making a maximum effort to be fully 
        cooperative in the war against international terrorism.

SEC. 4. PROHIBITION ON UNITED STATES ASSISTANCE AND COMMERCIAL ARMS 
              EXPORTS.

    (a) United States Assistance.--No United States assistance, other 
than humanitarian assistance and cooperative nonproliferation and 
counterproliferation programs, may be provided to any country or entity 
if the President determines that such country or entity is not making a 
maximum effort to be fully cooperative in the global war against 
international terrorism.
    (b) Commercial Arms Exports.--No license for the export of an item 
on the United States Munitions List to any country or entity may be 
issued if the President determines that such country or entity is not 
making a maximum effort to be fully cooperative in the global war 
against international terrorism.

SEC. 5. REQUIREMENT FOR AN ANNUAL REPORT.

    (a) Requirement for Report.--The President, in consultation with 
the Secretary of State, the Secretary of the Treasury, the 
Administrator of the United States Agency for International 
Development, and the Director of Central Intelligence, shall prepare an 
annual report that--
            (1) lists each country or entity for which the President 
        has determined that there is credible evidence that such 
        country or entity is not being fully cooperative in the global 
        war against international terrorism under section 4; and
            (2) describes for each country or entity listed under 
        paragraph (1)--
                    (A) the specific failures of each country or entity 
                to be fully cooperative in the global war on 
                international terrorism;
                    (B) the reasons why such country or entity is not 
                fully cooperative;
                    (C) the efforts being made by the United States 
                Government to promote greater adherence by such 
                countries or entities with the global war on 
                international terrorism; and
                    (D) any removal of a country or entity from the 
                list in paragraph (1).
    (b) Dissemination.--The report required by this section shall--
            (1) be submitted to Congress every year by December 31; and
            (2) not be classified, except that the report may contain a 
        classified addendum, if necessary.

SEC. 6. PRESIDENTIAL WAIVER.

    United States assistance or exports prohibited by section 4 may be 
provided to a country or entity described in that section if the 
President--
            (1) determines that permitting such assistance or exports 
        is essential to the national security interests of the United 
        States; and
            (2) not later than 15 days before permitting such 
        assistance or exports, furnishes a report describing the United 
        States assistance or exports to be provided to the appropriate 
        committees of Congress.

SEC. 7. DEFINITIONS.

    In this Act:
            (1) Expression of support for terrorism against the united 
        states.--The term ``expression of support for terrorism against 
        the United States'' means actions or expressions that are 
        designed to provoke anti-American action, especially of a 
        violent nature, or to glorify the use of violence against 
        citizens or government officials of the United States.
            (2) Fully cooperative in the global war against 
        international terrorism.--The term ``fully cooperative in the 
        global war against international terrorism'' means a country or 
        entity that is--
                    (A) preventing the financing of terrorism, 
                including preventing--
                            (i) direct financial payments to any 
                        terrorist organization;
                            (ii) any terrorist organization or any 
                        entity supporting a terrorist organization from 
                        receiving financial services such as brokering, 
                        lending, or transferring currency or credit;
                            (iii) any person from soliciting funds or 
                        items of value for a terrorist group; and
                            (iv) any humanitarian or other 
                        nongovernmental organization from providing 
                        financial support to terrorist organizations;
                    (B) sharing intelligence information with the 
                United States, including--
                            (i) releasing information to the United 
                        States related to any terrorist organization;
                            (ii) cooperating in investigations 
                        conducted by the United States; and
                            (iii) providing, to the extent possible, 
                        individuals suspected of or supporting 
                        terrorist organizations to United States 
                        investigators; and
                    (C) acting against terrorist organizations, 
                including--
                            (i) preventing terrorist organizations from 
                        committing or inciting to commit terrorist acts 
                        against the United States or its interests 
                        overseas;
                            (ii) preventing terrorist organizations 
                        from operating safe houses or providing 
                        transportation, communication, false 
                        documentation, identification, weapons 
                        (including chemical, biological, or 
                        radiological weapons), explosives, or training 
                        to terrorists; and
                            (iii) in the cases of a country--
                                    (I) investigating suspected 
                                terrorists within its national 
                                territory;
                                    (II) enforcing international 
                                agreements and United Nations Security 
                                Council Resolutions against terrorism; 
                                and
                                    (III) curbing any domestic 
                                expression of support for terrorism 
                                against the United States and its 
                                allies in state-owned media, state-
                                sanctioned gatherings, state-governed 
                                religious institutions, and state-
                                sanctioned school and textbooks.
            (3) Humanitarian assistance.--The term ``humanitarian 
        assistance'' means any humanitarian goods and services, 
        including foodstuffs, medicines, and health assistance 
        programs.
            (4) Terrorist organization.--The term ``terrorist 
        organization'' means an organization designated as a foreign 
        terrorist organization by the Secretary of State under section 
        219 of the Immigration and Nationality Act (8 U.S.C. 1189).
            (5) United states assistance.--The term ``United States 
        assistance'' means--
                    (A) any assistance under the Foreign Assistance Act 
                of 1961 (including programs under title IV of chapter 
                2, relating to the Overseas Private Investment 
                Corporation);
                    (B) sales, or financing on any terms, under the 
                Arms Export Control Act;
                    (C) the provision of agricultural commodities, 
                other than food, under the Agricultural Trade 
                Development and Assistance Act of 1954; and
                    (D) financing under the Export-Import Bank Act of 
                1945.
            (6) United states munitions list.--The term ``United States 
        Munitions List'' means the defense articles and defense 
        services controlled by the President under section 38 of the 
        Arms Export Control Act (22 U.S.C. 2778).
Example Output: International Cooperative Antiterrorism Act of 2002 - Prohibits the provision of U.S. assistance (except humanitarian assistance and cooperative nonproliferation and counterproliferation programs), or the issuance of a license for the export of an item on the U.S. Munitions List, to any country or entity that the President has determined is not making a maximum effort to be fully cooperative in the global war against international terrorism. Authorizes the President to waive the requirements of this Act in the national security interests of the United States.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foreign Oil Displacement Act of 
2010''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the strategic interests of the United States would be 
        served by a reduction in the Nation's dependence upon imported 
        oil to produce transportation fuels and other products vital to 
        both the domestic economy and national security;
            (2) this goal would be served by the development of a 
        viable, commercially competitive synthetic fuels industry 
        reliant upon domestic coals and other plentiful, nontraditional 
        carbonaceous feedstocks; and
            (3) temporary financial incentives are required to foster 
        private investment in the technology, design, construction, and 
        operation of strategic facilities capable of producing 
        synthetic fuels or synthetic gas on a commercial scale.

SEC. 3. CARBONACEOUS FUELS FACILITY CREDIT.

    (a) Allowance of Carbonaceous Fuels Facility Credit.--Section 46 of 
the Internal Revenue Code of 1986 is amended by striking ``and'' at the 
end of paragraph (5), by striking the period at the end of paragraph 
(6) and inserting ``, and'' and by inserting after paragraph (6) the 
following new paragraph:
            ``(7) the carbonaceous fuels facility credit.''.
    (b) Amount of Carbonaceous Fuels Facility Credit.--Subpart E of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after section 48D the following new section:

``SEC. 48E. CARBONACEOUS FUELS FACILITY CREDIT.

    ``(a) In General.--For purposes of section 46, the carbonaceous 
fuels facility credit for any taxable year is an amount equal to 30 
percent of the qualified investment in a carbonaceous fuels conversion 
facility for such taxable year.
    ``(b) Qualified Investment.--For purposes of this section--
            ``(1) In general.--The term `qualified investment' means, 
        with respect to any taxable year, the basis of property placed 
        in service by the taxpayer during the taxable year as part of a 
        carbonaceous fuels conversion facility--
                    ``(A)(i) the construction, reconstruction, or 
                erection of which is completed by the taxpayer, or
                    ``(ii) which is acquired by the taxpayer if the 
                original use of such property commences with the 
                taxpayer,
                    ``(B) with respect to which depreciation (or 
                amortization in lieu of depreciation) is allowable, and
                    ``(C) which has a useful life of not less than 3 
                years.
            ``(2) Special rule for sale-leasebacks.--For purposes of 
        paragraph (1)(A), in the case of a facility that--
                    ``(A) is originally placed in service by a person, 
                and
                    ``(B) is sold and leased back by such person, or is 
                leased to such person, within 3 months after the date 
                such facility was originally placed in service, for a 
                period of not less than 12 years,
        such facility shall be treated as originally placed in service 
        not earlier than the date on which such property is used under 
        the leaseback (or lease) referred to in subparagraph (B). The 
        preceding sentence shall not apply to any property if the 
        lessee and lessor of such property make an election under this 
        sentence. Such an election, once made, may be revoked only with 
        the consent of the Secretary.
            ``(3) Certain qualified progress expenditures rules made 
        applicable.--Rules similar to the rules of subsections (c)(4) 
        and (d) of section 46 (as in effect on the day before the 
        enactment of the Revenue Reconciliation Act of 1990) shall 
        apply for purposes of this section.
    ``(c) Carbonaceous Fuels Conversion Facility.--
            ``(1) In general.--For purposes of this section, the term 
        `carbonaceous fuels conversion facility' means a facility of 
        the taxpayer used to produce a qualified fuel.
            ``(2) Qualified fuel.--For purposes of paragraph (1), the 
        term `qualified fuel'--
                    ``(A) has the meaning given such term by section 
                45K(c), except that
                    ``(B) in applying section 45K(c)(1)(C), the term 
                `coal' includes--
                            ``(i) peat, and
                            ``(ii) any byproduct (including synthetic 
                        gas) or chemical--
                                    ``(I) that is from a coal, culm, or 
                                silt preparation facility, and
                                    ``(II) that contains fixed carbon 
                                derived from coal.
    ``(d) Coordination With Other Credits.--This section shall not 
apply to any property with respect to which any other credit is allowed 
unless the taxpayer elects to waive the application of such other 
credits to such property.
    ``(e) Credit May Be Assigned.--
            ``(1) In general.--If any taxpayer elects the application 
        of this subsection for any taxable year, the amount of credit 
        determined under this section for such year which would (but 
        for this subsection) be allowable to the taxpayer shall be 
        allowable to the person designated by the taxpayer. Such amount 
        shall be determined by applying this section separately from 
        section 38 for such year. The person so designated shall be 
        treated as the taxpayer with respect to this section (other 
        than this subsection) for purposes of this title (other than 
        this paragraph).
            ``(2) Treatment of amounts paid for assignment.--If any 
        amount is paid to the person who assigns the credit determined 
        under this section, no portion of such amount shall be 
        includible in such person's gross income.
    ``(f) Application of Section.--This section shall apply to periods 
after the date of the enactment of this section and before January 1, 
2024, under rules similar to the rules of section 48(m) (as in effect 
on the day before the date of the enactment of the Revenue 
Reconciliation Act of 1990).''.
    (c) Recapture.--
            (1) In general.--Subsection (a) of section 50 of such Code 
        is amended by adding at the end the following new paragraph:
            ``(6) Special rules relating to carbonaceous fuels 
        conversion facility.--For purposes of applying this subsection 
        in the case of any credit allowable by reason of section 48E, 
        the following shall apply:
                    ``(A) In general.--In lieu of the amount of the 
                increase in tax under paragraph (1), the increase in 
                tax shall be an amount equal to the investment tax 
                credit allowed under section 38 for all prior taxable 
                years with respect to a carbonaceous fuels conversion 
                facility (as defined by section 48E(c)) multiplied by a 
                fraction whose numerator is the number of years 
                remaining to fully depreciate under this chapter the 
                carbonaceous fuels conversion facility disposed of, and 
                whose denominator is the total number of years over 
                which such facility would otherwise have been subject 
                to depreciation. For purposes of the preceding 
                sentence, the year of disposition of the carbonaceous 
                fuels conversion facility property shall be treated as 
                a year of remaining depreciation.
                    ``(B) Property ceases to qualify for progress 
                expenditures.--Rules similar to the rules of paragraph 
                (2) shall apply in the case of qualified progress 
                expenditures for a carbonaceous fuels conversion 
                facility under section 48E, except that the amount of 
                the increase in tax under subparagraph (A) of this 
                paragraph shall be substituted in lieu of the amount 
                described in such paragraph (2).''.
            (2) Paragraph (4) of section 50(a) of such Code is amended 
        by striking ``and (2)'' and inserting ``, (2), and (6)''.
    (d) Application of At-Risk Rules.--Subparagraph (C) of section 
49(a)(1) of such Code is amended by striking ``and'' at the end of 
clause (v), by striking the period at the end of clause (vi) and 
inserting ``, and'', and by adding at the end thereof the following new 
clause:
                            ``(vii) the portion of the basis of any 
                        carbonaceous fuels conversion facility 
                        attributable to any qualified investment (as 
                        defined by section 48E(b)).''.
    (e) Clerical Amendment.--The table of sections for subpart E of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 48D the following new 
item:

``Sec. 48E. Carbonaceous fuels facility credit.''
    (f) Effective Date.--The amendments made by this section shall 
apply taxable years ending after the date of the enactment of this Act.

SEC. 4. EXEMPTION FROM MANUFACTURERS EXCISE TAX ON FUELS.

    (a) In General.--Subsection (a) of section 4083 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(4) Qualified carbonaceous fuel.--
                    ``(A) Exemption.--The terms `taxable fuel', 
                `gasoline', `diesel fuel' and `kerosene' do not include 
                qualified carbonaceous fuel or that portion of a blend 
                that is qualified carbonaceous fuel.
                    ``(B) Qualified carbonaceous fuel defined.--For 
                purposes of subparagraph (A), the term `qualified 
                carbonaceous fuel' means qualified fuel produced by a 
                carbonaceous fuels conversion facility.
                    ``(C) Other definitions.--For purposes of 
                subparagraph (B), the terms `qualified fuel' and 
                `carbonaceous fuels conversion facility' have the 
                meaning given such terms by section 48E.
                    ``(D) Application of paragraph.--This paragraph 
                shall apply during the period beginning on the 91st day 
                after the date of the enactment of this paragraph and 
                ending on December 31, 2023.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act.
Example Output:
Foreign Oil Displacement Act of 2010 - Amends the Internal Revenue Code to: (1) allow a tax credit for investment in a carbonaceous fuels facility; (2) allow a new 30% tax credit for investment in a carbonaceous fuels conversion facility; and (3) exempt from the manufacturer's excise tax on fuels carbonaceous fuel or any portion of a blend that is carbonaceous fuel. Defines "carbonaceous fuels conversion facility" as a facility for producing fuels from nonconventional sources using coal, including peat and any byproduct (including synthetic gas) or chemical that is from a coal, culm, or silt preparation facility and that contains fixed carbon derived from coal.