H.R.6756 - Carbon Reduction Technology Bridge Act of 2008

To amend the Internal Revenue Code of 1986 to provide tax incentives for clean coal technology, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Carbon Reduction Technology Bridge Act of 2008 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide tax incentives for clean coal technology, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/31/08
 
 
 
 
 
 
 

Official Summary

Carbon Reduction Technology Bridge Act of 2008 - Amends the Internal Revenue Code to allow: (1) seven-year amortization of mechanical or electronic systems that are installed on a coal-fired electric generation unit after 2007 and that reduce carbon dioxide emissions; (2) a tax credit for t

Official Summary

Carbon Reduction Technology Bridge Act of 2008 - Amends the Internal Revenue Code to allow:
(1) seven-year amortization of mechanical or electronic systems that are installed on a coal-fired electric generation unit after 2007 and that reduce carbon dioxide emissions;
(2) a tax credit for the production of electricity using closed-loop biomass co-fired with coal;
(3) a tax credit for investment in qualified clean coal electric generation units;
(4) a tax credit for investment in carbon dioxide capture, transport, and storage property which is part of a qualified coal-fired electric generation unit; and
(5) a tax credit for investment in clean energy coal bonds.

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