US HB3861 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 19 2019 - 25% progression, died in committee
Action: 2019-07-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 19 2019 - 25% progression, died in committee
Action: 2019-07-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizes the issuance of tax-exempt facility bonds for the financing of qualified carbon dioxide capture facilities. A "qualified carbon dioxide capture facility" is any equipment installed in an industrial carbon dioxide facility that satisfies specified capture and storage requirements and (1) is used for the capture, treatment and purification, compression, transportation, or on-site storage of carbon dioxide produced by the industrial carbon dioxide facility; or (2) is integral or functionally related and subordinate to a gasification process that converts a product from coal, petroleum residue, biomass, or other materials which are recovered for their energy or feedstock value into a synthesis gas composed primarily of carbon dioxide and hydrogen for direct use or subsequent chemical or physical conversion.
Title
Carbon Capture Improvement Act of 2019
Sponsors
Rep. Tim Burchett [R-TN] | Rep. Matthew Cartwright [D-PA] | Rep. Lee Zeldin [R-NY] | Rep. Terri Sewell [D-AL] |
Rep. Christopher Smith [R-NJ] |
History
Date | Chamber | Action |
---|---|---|
2019-07-19 | House | Referred to the House Committee on Ways and Means. |
2019-07-19 | House | Introduced in House |
Same As/Similar To
SB1763 (Same As) 2019-06-10 - Read twice and referred to the Committee on Finance.
Subjects
Air quality
Climate change and greenhouse gases
Income tax exclusion
Industrial facilities
Manufacturing
Oil and gas
Securities
Taxation
Climate change and greenhouse gases
Income tax exclusion
Industrial facilities
Manufacturing
Oil and gas
Securities
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3861/all-info |
Text | https://www.congress.gov/116/bills/hr3861/BILLS-116hr3861ih.pdf |