Coal Conversion Incentives Act

[AI summary unavailable — showing source text] Coal Conversion Incentives Act - Title I: Permanent Increase to 12 Percent in Rate of Investment Tax Credit - Amends the Internal Revenue Code to increase the rate of the investment tax credit from ten percent to 12 percent. Title II: Coal Conversion Incentives - Permits a taxpayer to elect a first-year depreciation deduction allowance of 35 percent of the adjusted basis of qualified air pollution control equipment for use in connection with any major electric powerplant or any major fuel-burning installation. Establishes a 20 percent investment tax credit rate for the use of qualified coal-fueled equipment in any new major electric powerplant or any major fuel-burning installation. Title III: Loans for Certain Coal-fueled Equipment - Authorizes the Administrator of the Federal Energy Administration to make loans to any business for the purchase and installation of qualified coal-fueled equipment. Specifies terms and conditions and limits the aggregate amount of such loans outstanding at any time to $1,500,000,000. Title IV: Miscellaneous Provisions - Amends the Energy Supply and Environmental Coordination Act of 1974 to establish January 1, 1981, and January 1, 1987 as deadlines f…