A bill to amend the Internal Revenue Code of 1954 to provide for the amortization of coal conversion facilities based on a 12-month period, and to establish a price support program for synthetic fuels produced from coal at such facilities.

Amends the Internal Revenue Code to provide for the accelerated amortization of coal conversion facilities over a 12-month period. Authorizes the President to enter into price guarantee contracts with any person operating or proposing to construct or operate such facilities in order to make them economically feasible and competitive with alternative fuels.