S. 3714 · 111th Congress
Coal Energy Bridge Act of 2010
- Stage
- In committee
- Sponsor
- Kent Conrad
- Introduced
- 2010-08-05
- Latest action
- 2010-08-05 · Introduced in Senate
Summary
Coal Energy Bridge Act of 2010 - Amends the Internal Revenue Code to: (1) allow seven-year amortization of mechanical or electronic systems that are installed on a coal-fired electric generation unit and that reduce carbon dioxide emissions; (2) allow a new 30% tax credit for investment in carbon dioxide capture, transport, and storage property which is part of a qualified coal-fired electric generation unit; (3) expand the tax credit for carbon dioxide sequestration to allow for uses other than as tertiary injectants; and (4) allow a tax credit for investment in clean energy coal bonds.