Clean Coal Power Act of 2003
Prescribes conditions and criteria for the authorization of appropriations for a clean coal power initiative program.
Instructs the Secretary to: (1) fund coal energy generation projects that advance efficiency, environmental performance, and cost competitiveness well beyond the level of technologies in operation as of the date of enactment of this Act; and (2) 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.
Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.