Coal Development Act of 1979

[AI summary unavailable — showing source text] Coal Development Act of 1979 - Declares that the purpose of this Act is to provide for the increased development and use of domestic coal reserves. Title I: Amendments of the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to make the energy property investment tax credit permanent as of October 1, 1978. Allows a deduction for expenditures for coal mining or coal burning equipment. Provides that the gain from disposition of such equipment shall be treated as ordinary income. Title II: Allocations of Middle Distillates for Coal Production - Amends the Emergency Petroleum Allocation Act of 1973 to direct the President to establish a special allocation program to provide for the availability of adequate supplies of middle distillates to meet the requirements of domestic coal production. Title III: Reform of Environmental Regulations to Increase Coal Use and Production - Amends the Clean Air Act to authorize the President to issue to any fuel-burning stationary source a temporary emergency suspension of any part of an applicable implementation plan adopted by a State in the event the President determines that: (1) a national or regional emergency exists involving high …