Bill > HR1760

This bill, the Carbon Capture Modernization Act, proposes to amend the Internal Revenue Code to modify the qualifying advanced coal project credit. The key provisions include: 1. Reducing the minimum nameplate generating capacity requirement for qualifying projects from 400 megawatts to 200 megawatts. 2. Removing the specific design requirements for advanced coal-based generation technology, and instead allowing any technology that meets the overall emissions and environmental performance standards. 3. Clarifying the authority of the Secretary of Energy to reallocate unused tax credits to other qualifying projects, and requiring the Secretary to do so every 6 months until all available credits have been allocated. The bill aims to modernize the tax credit program for advanced coal projects by lowering certain eligibility thresholds and providing more flexibility in the types of technologies that can qualify.