HR 4826 · 112th Congress · Taxation
Supercritical Advanced Coal Project Incentive Act of 2012
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2012-04-26)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only