Carbon Capture Act

Summary

Carbon Capture Act This bill amends the Internal Revenue Code to extend and modify the tax credit for carbon dioxide (CO2) sequestration. The bill modifies the credit to: allow certain new industrial or direct air capture facilities to qualify for the credit if construction begins before 2024; allow qualified projects to claim the credit for 15 years, beginning on the date the equipment was originally placed in service; increase the credit amounts for certain projects placed in service upon or after the enactment of this bill; expand the purposes for which captured CO2 may be used; modify the requirements for the amount of CO2 that must be captured; specify that the 75 million metric ton cap on the CO2 that may qualify for the credit applies only to projects placed in service before the enactment of this bill; allow the credit to be transferred from the entity that owns and uses the capture equipment to the entity that disposes of or uses the CO2; and allow certain facilities that were placed in service after 2015 and have not previously claimed the credit to be treated as placed in service on the date of the enactment of this bill.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 13 September 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 13 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 September 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 September 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 September 2017

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 13 September 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Conaway, K. Michael [R-TX-11] · R · Sponsor
• ROBERT BRADY · D · Sponsor
• Rep. Costello, Ryan A. [R-PA-6] · R · Sponsor
• Rep. McKinley, David B. [R-WV-1] · R · Sponsor
• Sen. Cramer, Kevin [R-ND] · R · Sponsor
• Rep. Murphy, Tim [R-PA-18] · R · Sponsor
• Rep. Jenkins, Evan H. [R-WV-3] · R · Sponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Sponsor
• Rep. Tipton, Scott R. [R-CO-3] · R · Sponsor
• Rep. Costa, Jim [D-CA-21] · D · Sponsor
• Rep. Davis, Rodney [R-IL-13] · R · Sponsor
• Rep. Green, Gene [D-TX-29] · D · Sponsor
• Rep. Cole, Tom [R-OK-4] · R · Sponsor
• Sen. Sinema, Kyrsten [I-AZ] · D · Sponsor
• Rep. Hurd, Will [R-TX-23] · R · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Sponsor
• Rep. Moolenaar, John R. [R-MI-2] · R · Sponsor
• Rep. Doyle, Michael F. [D-PA-14] · D · Sponsor
• Rep. Stefanik, Elise M. [R-NY-21] · R · Sponsor
• Rep. Huizenga, Bill [R-MI-4] · R · Sponsor
• Rep. Barton, Joe [R-TX-6] · R · Sponsor
• Rep. Pearce, Stevan [R-NM-2] · R · Sponsor
• Rep. Bost, Mike [R-IL-12] · R · Sponsor
• Rep. Johnson, Bill [R-OH-6] · R · Sponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• Rep. Aderholt, Robert B. [R-AL-4] · R · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Carlos Curbelo · R · Sponsor
• Rep. Hudson, Richard [R-NC-8] · R · Sponsor
• Rep. Harper, Gregg [R-MS-3] · R · Cosponsor
• Rep. Rogers, Mike D. [R-AL-3] · R · Cosponsor
• Rep. Farenthold, Blake [R-TX-27] · R · Cosponsor
• Rep. Gianforte, Greg [R-MT-At Large] · R · Cosponsor
• Rep. Higgins, Clay [R-LA-3] · R · Cosponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Cosponsor
• Rep. Guthrie, Brett [R-KY-2] · R · Cosponsor
• Rep. Upton, Fred [R-MI-6] · R · Cosponsor
• Rep. Kelly, Trent [R-MS-1] · R · Cosponsor
• Rep. Abraham, Ralph Lee [R-LA-5] · R · Cosponsor
• Rep. Walberg, Tim [R-MI-5] · R · Cosponsor
• Rep. Bergman, Jack [R-MI-1] · R · Cosponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Cosponsor
• Rep. Ryan, Tim [D-OH-13] · D · Cosponsor
• Rep. Nolan, Richard M. [D-MN-8] · D · Cosponsor
• Rep. Graves, Garret [R-LA-6] · R · Cosponsor
• Rep. Boyle, Brendan F. [D-PA-2] · D · Cosponsor
• Rep. Culberson, John Abney [R-TX-7] · R · Cosponsor

Showing 48 of 52 sponsors and actors.

Related records

• related to → FUTURE Act
• related to → Bipartisan Budget Act of 2018
• related to ← Tax Extender Act of 2017