S. 1153 · 109th Congress
Coal-based Generation Improvement Act
- Stage
- In committee
- Sponsor
- Jim Bunning
- Introduced
- 2005-05-26
- Latest action
- 2005-05-26 · Introduced in Senate
Summary
Coal-based Generation Improvement Act - Directs the Secretary of Energy to provide certain financial incentives for the deployment of advanced coal-based generation technologies. Allows sponsors of projects using advanced coal-based generation technology to elect certain tax benefits, including an investment tax credit and accelerated depreciation.
Amends the Internal Revenue Code to allow a tax credit for investment in clean energy bonds.
Directs the Secretary to designate a federal project coordinator to facilitate federal agency approvals of eligible advanced coal generation projects.