H.R.4826 - Supercritical Advanced Coal Project Incentive Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Davis, Geoff [R-KY-4] (Introduced 04/26/2012)|
|Committees:||House - Ways and Means|
|Latest Action:||04/26/2012 Referred to the House Committee on Ways and Means.|
This bill has the status Introduced
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Summary: H.R.4826 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (04/26/2012)
Supercritical Advanced Coal Project Incentive Act of 2012 - Amends the Internal Revenue Code to expand the tax credit for investment in qualifying advanced coal projects to include a credit for supercritical advanced coal-based generation technology projects. Defines such projects as including a coal-fired boiler that reaches an electricity generating efficiency of at least 36%, and operates at a minimum pressure of 3,200 pounds per square inch.
Increases from $2.55 billion to $3.8 billion the aggregate amount of credits allowable for qualifying advanced coal projects, and includes within that aggregate amount a maximum $1.25 billion credit amount for supercritical advanced coal-based generation technology projects.