Sec. 201. Seven-year amortization for certain systems installed on coal-fired electric generation units
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Subsection
(d)of section 169 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: Any mechanical or electronic system— which is installed on a coal-fired electric generation unit after the date of the enactment of this paragraph, and which reduces carbon dioxide emissions per net megawatt hour of electricity generation by 1 or more of the means described in subparagraph
(B)or any other means, shall be treated for purposes of this section as a new identifiable treatment facility which abates or controls atmospheric pollution or contamination by removing, altering, disposing, storing, or preventing the creation or emission of pollutants, contaminants, wastes, or heat. Paragraph (1)(C) of this subsection, and subsection (e), shall not apply to any system which is so treated. The means described in this subparagraph are— optimizing combustion, optimizing sootblowing and heat transfer, upgrading steam temperature control capabilities, reducing exit gas temperatures (air heater modifications), predrying low rank coals using power plant waste heat, modifying steam turbines or change the steam path/blading, replacing single speed motors with variable speed drives for fans and pumps, and improving operational controls, including neural networks. Section 56(a)(5) shall not apply to property to which this paragraph applies. . The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.