HOUSE 2633117th CongressReferred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon oxide sequestration.

Last Action: 4/16/2021

Actions

2021-04-16Referred to the House Committee on Ways and Means.
2021-04-16Introduced in House
2021-04-16Introduced in House

CRS Summary

As of 2021-04-16 (00)

This bill modifies the tax credit for carbon oxide sequestration. It increases the applicable dollar amount of such credit, repeals the placed-in-service deadline, expands the types of facilities to which the credit applies, and extends the credit period from 12 to 20 years.

Cosponsors (2)

Brad Wenstrup (R-OH)
Carol Miller (R-WV)

Subjects

Air quality
Climate change and greenhouse gases
Income tax credits
Industrial facilities

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