12.07.2015 Views

PCAP - Presidential Climate Action Project

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25 U.S.C.A. § 3502§ 3502. Indian tribal energy resource development(b) Department of Energy Indian Energy Education Planning and Management Assistance Program(3)(A) The Director shall develop a program to support and implement research projects that provide Indian tribeswith opportunities to participate in carbon sequestration practices on Indian land, including--(i) geologic sequestration;(ii) forest sequestration;(iii) agricultural sequestration; and(iv) any other sequestration opportunities the Director considers to be appropriate.(B) The activities carried out under subparagraph (A) shall be--(i) coordinated with other carbon sequestration research and development programs conducted by the Secretary ofEnergy;(ii) conducted to determine methods consistent with existing standardized measurement protocols to account andreport the quantity of carbon dioxide or other greenhouse gases sequestered in projects that may be implemented onIndian land; and(iii) reviewed periodically to collect and distribute to Indian tribes information on carbon sequestration practices thatwill increase the sequestration of carbon without threatening the social and economic well-being of Indian tribes.26 U.S.C.A. § 48AI.R.C. § 48ATitle 26. Internal Revenue CodeSubtitle A. Income TaxesChapter I. Normal Taxes and SurtaxesSubchapter A. Determination of Tax LiabilityPart IV. Credits Against TaxSubpart E. Rules for Computing Investment Credit§ 48A. Qualifying advanced coal project credit(c) Definitions.--For purposes of this section--(1) Qualifying advanced coal project.--The term “qualifying advanced coal project” means a project which meets therequirements of subsection (e).(2) Advanced coal-based generation technology.--The term “advanced coal-based generation technology” means atechnology which meets the requirements of subsection (f).(3) Eligible property.--The term “eligible property” means--(A) in the case of any qualifying advanced coal project using an integrated gasification combined cycle, anyproperty which is a part of such project and is necessary for the gasification of coal, including any coal handling andgas separation equipment, and(B) in the case of any other qualifying advanced coal project, any property which is a part of such project.(4) Coal.--The term “coal” means anthracite, bituminous coal, subbituminous coal, lignite, and peat.(5) Greenhouse gas capture capability.--The term “greenhouse gas capture capability” means an integratedgasification combined cycle technology facility capable of adding components which can capture, separate on along-term basis, isolate, remove, and sequester greenhouse gases which result from the generation of electricity.(e) Qualifying advanced coal projects.—CEES Page | V

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