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United States · Bill · S

S. 3590 (111th)

Carbon Capture and Sequestration Deployment Revenue Act of 2010

referredUnited States· United States Congress· EN

Introduced

14 July 2010

Last action

14 July 2010 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Rockefeller, John D., IV [D-WV], Sen. Voinovich, George V. [R-OH]

Subjects

Energy, Transport, Taxation

Source updated

14 August 2025

Energy · Transport · Taxation

Summary

Carbon Capture and Sequestration Deployment Revenue Act of 2010 - Amends the Internal Revenue Code to: (1) expand the tax credit for carbon dioxide sequestration to include carbon dioxide that is converted to a stable form in which it is securely and permanently sequestered; (2) allow a 30% increase in the qualifying advanced coal project tax credit for the incremental cost of carbon capture and sequestration systems; (3) allow an increase in the carbon dioxide sequestration tax credit for the use of new or retrofit electric utility or industrial units to provide for carbon capture and sequestration in secure geologic storage; and (4) allow issuers of qualified carbon sequestration bonds income and excise tax credits for payments of interest with respect to such bonds. Amends the Energy Policy Act of 2005 to provide additional funding for loan guarantees for: (1) constructing or retrofitting new or existing commercial scale electric generation units or industrial facility units for carbon capture and sequestration; and (2) constructing carbon dioxide transmission pipelines to transport carbon dioxide to sequestration sites or to sites where carbon dioxide will be used for hydrocarbon recovery.

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

Timeline

  1. 14 July 2010

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 14 July 2010

    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 · 14 July 2010

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 July 2010

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 July 2010

    Open at official source

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Sponsors

Related records

Sources

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