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S.3208 - Carbon Reduction Technology Bridge Act of 2008

A bill 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

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

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/26/08
 
 
 
 
 
 
 

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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