S.Amdt. 3168Senate113th Congress (2013-2015)2nd degree
S.Amdt. 3168
Sponsored by
Sen. Michael B. Enzi (R-WY)
Submitted May 15, 2014
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Senate amendment submitted
May 15, 2014
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Submitted
SA 3168. Mr. ENZI submitted an amendment intended to be proposed to amendment SA 3060 proposed by Mr. Wyden to the bill H.R. 3474, to amend the Internal Revenue Code of 1986 to allow employers to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of the employer mandate under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows: After section 157, insert the following: SEC. 158. ADDITIONAL TAX CREDITS FOR QUALIFYING SUPERCRITICAL ADVANCED COAL PROJECTS. (a) 30 Percent Credit Percentage.--Paragraph (3) of section 48A(a) is amended by inserting ``or (iv)'' after ``(iii)''. (b) Supercritical Advanced Coal-Based Generation Technology Project Defined.--Subsection (c) of section 48A is amended by adding at the end the following: ``(8) The term `supercritical advanced coal-based generation technology project' means a qualifying advanced coal-based generation technology project which includes a coal-fired boiler that-- ``(A) in lieu of the requirements under subsection (f)(1)(A)(ii), reaches an electricity generating efficiency of at least 36 percent, and ``(B) operates at a minimum pressure of 3,200 pounds per square inch.''. (c) Application Period for Certification.--Subparagraph (A) of section 48A(d)(2) is amended by striking ``and'' at the end of clause (i), by striking the period at the end of clause (ii) and inserting ``, and'', and by adding at the end the following: ``(iii) for an allocation from the dollar amount specified in paragraph (3)(B)(iv) during the 3-year period beginning at earlier of the termination of the period described in clause (ii) or the date prescribed by the Secretary.''. (d) Aggregate Credits.-- (1) In general.--Subparagraph (A) of section 48A(d)(3) is amended by striking ``$2,550,000,000'' and inserting ``$3,800,000,000''. (2) Supercritical advanced coal-based generation technology projects.--Subparagraph (B) of section 48A(d)(3)(B) is amended by striking ``and'' at the end of clause (ii), by striking the period at the end of clause (iii) and inserting ``, and'', and by adding at the end the following: ``(iv) $1,250,000,000 for supercritical advanced coal-based generation technology projects the application for which is submitted during the period described in paragraph (2)(A)(iii).''. (e) Carbon Dioxide Sequester.--Subparagraph (G) of section 48A(e)(1) is amended by striking ``subsection (d)(2)(A)(ii)'' and inserting ``clause (ii) or (iii) of subsection (d)(2)(A)''. (f) Effective Date.--The amendments made by this section shall apply to periods after the date of the enactment of this Act under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990). ______