Coal Energy Research Development and Demonstration Act of 2003

Fact Sheet API

Bill Number

S 582

Introduced

Mar 10, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3412-3418)

Sponsor

Cosponsors

Topics

Air pollution control Carbon cycle Coal Commerce Congress Congressional investigations Congressional reporting requirements Construction costs Corporation taxes Cost accounting Cost effectiveness Economics and Public Finance Education Electric power production Energy Energy efficiency Energy research Environmental Protection Environmental research Federal aid to education Federal aid to research Finance and Financial Sector Governmental investigations Higher education Income tax Indexing (Economic policy) Investment tax credit Mercury Nitrogen oxides Public Lands and Natural Resources Research and development Research centers Science, Technology, Communications Smog Sulphur dioxide Tax credits Taxation Technology assessment Tennessee Valley development Water Resources Development

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Votes

Summary

Coal Energy Research Development and Demonstration Act of 2003 - Instructs the Secretary of Energy to: (1) perform an assessment that identifies cost and performance goals of technologies permitting continued cost-competitive use of coal for electricity generation, as chemical feedstocks, and as transportation fuel in 2007, 2015, and the years after 2020; and (2) implement a technology research, development, and demonstration program to facilitate production and generation of coal-based power through methods and equipment under designated statutes.

Prescribes conditions and criteria for the authorization of appropriations for a clean coal power initiative program.

Instructs the Secretary to award competitive, merit-based grants to universities for the establishment of Centers of Excellence for Energy Systems of the Future.

Amends the Internal Revenue Code of 1986 to establish income tax credits for investment in and for production from a qualifying advanced clean coal technology facility.

Prescribes guidelines for the treatment of persons not able to use the entire credit relating to clean coal technology.

Actions

Mar 10, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3412-3418)
Mar 10, 2003

Introduced in Senate

Amendments

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