1. Short title This Act may be cited as the Carbon Capture Modernization Act . 2. Modifications of qualifying advanced coal project credit (a) Sequestration requirement for certain equipment Section 48A(e)(1)(G) of the Internal Revenue Code of 1986 is amended by inserting and 60 percent in the case of an application for a reallocation of credits under subsection (d)(4) with respect to an electrical generating unit in existence on October 3, 2008 after under subsection (d)(4) . (b) Nameplate generating capacity requirement Section 48A(e)(1)(C) of such Code is amended by striking 400 megawatts and inserting 200 megawatts . (c) Advanced coal-Based generation technology requirements (1) In general Section 48A(f)(1) of such Code is amended by striking generation technology if— and all that follows through the unit is designed and inserting generation technology if the unit is designed . (2) Conforming amendments Section 48A(f) is amended— (A) by striking all that precedes the purpose of this section and inserting the following: (f) Advanced coal-Based generation technology For , (B) by striking in subparagraph (B) in the second sentence and inserting in this subsection , and (C) by striking paragraphs (2) and (3). (d) Performance requirements in case of best available control technology Section 48A(f) of such Code, as amended by this Act, is amended by adding at the end the following: In the case of a retrofit of a unit which has undergone a best available control technology analysis after August 8, 2005, with respect to the removal or emissions of any pollutant which is SO 2 or NO x , the removal or emissions design level with respect to such pollutant shall be the level determined in such analysis. . (e) Clarification of reallocation authority Section 48A(d)(4) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (A)— (A) by striking Not later than 6 years after the date of enactment of this section, the and inserting The , and (B) by inserting and every 6 months thereafter until all credits