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United States · Bill · S

S. 2287 (113th)

Carbon Capture and Sequestration Deployment Act of 2014

referredUnited States· United States Congress· EN

Introduced

5 May 2014

Last action

5 May 2014 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Rockefeller, John D., IV [D-WV], Sen. Walsh, John E. [D-MT]

Subjects

Energy, Transport, Taxation

Source updated

12 August 2025

Energy · Transport · Taxation

Official sourceDownload fileView documentsShare

Summary

Carbon Capture and Sequestration Deployment Act of 2014 - Directs the Department of Energy (DOE) to establish a cooperative industry-government research and development program to demonstrate innovative technologies to capture, prevent, or store carbon dioxide (CO2) emissions from carbon-based fuels or to enable the beneficial use of CO2. Requires DOE to conduct an annual assessment of existing programs supporting carbon capture and sequestration (CCS) technology until that technology is available in commerce. (CCS is a three-step process: the capture, transport, and underground injection and geologic sequestration of CO2.) Amends the Internal Revenue Code, with respect to the tax credit for CO2 sequestration, to: (1) impose limitations on the allocation of credit amounts for carbon capture projects, including a 10-year limitation on CO2 capture at a qualified facility (defined as an industrial facility which captures not less than 500,000 metric tons of CO2 in a taxable year); (2) require the Secretary of the Treasury to establish procedures for allocating the national limitation on such credit to projects for placing carbon capture equipment (i.e., equipment to capture and pressurize qualified CO2) in service at qualified facilities and for certifying projects for which an allocation has been made; and (3) identify as eligible for such credit the taxpayer who captures and disposes of the qualified CO2. Amends the Energy Policy Act of 2005 to authorize DOE to make loan guarantees to: (1) construct or retrofit coal- or petroleum coke-fired industrial facilities or electric generation facilities to utilize CCS technology, and (2) construct pipelines for the transport of CO2 to sequestration sites or to sites where the C02 will be used for hydrocarbon recovery. Expands the qualifying advanced coal project investment tax credit to include an additional amount for the costs of constructing and retrofitting such facilities.

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Timeline

  1. 5 May 2014

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 5 May 2014

    Introduced

    Sponsor introductory remarks on measure. (CR S2648-2649)

    Source: IntroReferral

  3. 5 May 2014

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 5 May 2014

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 5 May 2014

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 5 May 2014

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Sponsors

Related records

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Sources

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