Bill > HR1796

This bill, the Carbon Capture Modernization Act, amends the Internal Revenue Code to modify the qualifying advanced coal project tax credit. Specifically, it reduces the nameplate generating capacity requirement for eligible projects from 400 megawatts to 200 megawatts, removes certain advanced coal-based generation technology requirements, and clarifies the authority of the Secretary of Energy to reallocate unused tax credits. Additionally, the bill modifies the sequestration requirement for certain existing electrical generating units, allowing them to qualify for a lower 60% sequestration rate rather than the standard 90%.