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United States · Bill · S

S. 2982 (106th)

International Carbon Sequestration Incentive Act

referredUnited States· United States Congress· EN

Introduced

27 July 2000

Last action

27 July 2000 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Brownback, Sam [R-KS], Sen. Daschle, Thomas A. [D-SD], Sen. DeWine, Mike [R-OH], Sen. Kerrey, J. Robert [D-NE], Sen. Grassley, Chuck [R-IA], Sen. Byrd, Robert C. [D-WV], Sen. Lugar, Richard G. [R-IN]

Subjects

Environment, Taxation

Source updated

20 August 2025

Environment · Taxation

Official sourceDownload fileView documentsShare

Summary

International Carbon Sequestration Incentive Act - Title I: Investment Tax Credit - Amends the Internal Revenue Code to establish a limited tax carbon sequestration investment credit in the case of an eligible taxpayer who is subject to the terms and conditions of a carbon sequestration project contract with respect to a sponsored carbon sequestration project outside the United States. Title II: Loan Guarantees and Equity Investment Insurance - Permits an owner or operator of property that is located outside of the United States to enter into a carbon sequestration project contract under specified terms and conditions to be eligible for: (1) an extension of credit from the Export-Import Bank of the United States of up to 75 percent of the cost of carrying out the carbon sequestration practices specified in the contract to the extent that the Export-Import Bank determines that the cost sharing is appropriate, in the public interest, and otherwise meets requirements of the Export-Import Bank Act of 1945; and (2) investment insurance issued by the Overseas Private Investment Corporation pursuant to provisions of the Foreign Assistance Act of 1961 if the Corporation determines that issuance of the insurance is consistent with such provisions.

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

Timeline

  1. 27 July 2000

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 27 July 2000

    Introduced

    Sponsor introductory remarks on measure. (CR S7896-7897)

    Source: IntroReferral

  3. 27 July 2000

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 27 July 2000

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 27 July 2000

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 27 July 2000

    Open at official source

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Sponsors

Related records

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Sources

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