3.0.0 2149 2023-01-11T20:21:02Z 2023-01-11T20:21:02Z Senate S S 2007-10-04 110 ssfi00 Finance Committee Senate Standing Referred to 2007-10-04T22:23:10Z 2007-10-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-10-04 Introduced in Senate IntroReferral 10000 9 Library of Congress D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE N Energy Air pollution control Alternative energy sources Aviation fuels Carbon cycle Carbon dioxide Chemical industries Climate change and greenhouse gases Coal Commerce Congress Congressional reporting requirements Depreciation and amortization Diesel motor Economics and Public Finance Electric power production Energy facilities Energy research Environmental Protection Environmental monitoring Environmental technology Fuel Gasoline Government lending Governmental investigations Income tax Partnerships Petroleum reserves Pipelines Science, Technology, Communications Tax credits Tax deductions Taxation Transportation and Public Works Energy 00 2007-10-04 Introduced in Senate 2008-01-24T16:02:52Z Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007 - Amends the Energy Policy Act of 1992 to instruct the Secretary of Energy to implement a grants program for obtaining or implementing services for the planning and permitting of certain eligible projects that produce liquid transportation fuels, industrial chemicals, or electricity.

Requires the Secretary to make direct loans to eligible individuals and entities to implement such projects.

Directs the Secretary to select eligible projects to receive loans through a reverse auction, giving priority to eligible projects with the greatest percentage reduction of lifecycle greenhouse gas emissions in comparison to facilities that use conventional feedstocks and do not use carbon capture and sequestration technologies.

Directs the Administrator of the Environmental Protection Agency (EPA) to: (1) establish a methodology for determining the lifecycle greenhouse gas emissions of coal-derived liquid transportation fuels; (2) implement a research and demonstration program to evaluate the emissions of the use of coal-to-liquid fuel for transportation, including gasoline, diesel, marine, and jet fuel; and (3) evaluate the effect of using coal-to-liquid transportation fuel on vehicle emissions, including motor vehicles, nonroad vehicles, and aircraft.

Directs the Secretary and the Secretary of Defense to study and report to specified congressional committees on the feasibility and suitability of maintaining coal-to-liquid products in the Strategic Petroleum Reserve (SPR).

Amends the Internal Revenue Code to provide: (1) a business credit for sequestration of carbon dioxide captured within the United States; (2) a seven-year applicable recovery period for depreciation of qualified carbon dioxide pipeline property; (3) treatment of certain income and gains relating to industrial source carbon dioxide as qualifying income for publicly traded partnerships; and (4) extend and modify the alternative fuel credit.

]]> Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007 Official Title as Introduced A bill to amend the Energy Policy Act of 1992 to establish a program to provide incentives for projects to produce synthetic gas, liquid fuels, and other products from coal and other feedstocks while simultaneously reducing greenhouse gas emissions and reliance of the United States on petroleum and natural gas, and for other purposes. Introduced in Senate IS Display Title Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007 Short Titles as Introduced Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007 Introduced in Senate 2007-10-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2149is/xml/BILLS-110s2149is.xml 2007-10-04 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.