US HB4622 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Republican 33-17)
Status: Introduced on February 25 2016 - 25% progression, died in committee
Action: 2016-02-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 25 2016 - 25% progression, died in committee
Action: 2016-02-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Carbon Capture Act This bill amends the Internal Revenue Code, with respect to the tax credit for carbon dioxide sequestration, to: (1) make such credit permanent after 2015; (2) increase such credit after 2024 for a qualified facility originally placed in service after December 31, 2015; (3) allow such credit to a person who disposes of, or uses as a tertiary injectant, the carbon dioxide; and (4) modify the definition of "qualified facility" for purposes of eligibility for such credit to require not less than 150,000 metric tons (currently, 500,000 metric tons) to be captured at such a facility during the taxable year.
Title
Carbon Capture Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-25 | House | Referred to the House Committee on Ways and Means. |
| 2016-02-25 | House | Sponsor introductory remarks on measure. (CR H895) |
| 2016-02-25 | House | Introduced in House |
Subjects
Business investment and capital
Climate change and greenhouse gases
Income tax credits
Industrial facilities
Inflation and prices
Taxation
Climate change and greenhouse gases
Income tax credits
Industrial facilities
Inflation and prices
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/4622/all-info |
| Text | https://www.congress.gov/114/bills/hr4622/BILLS-114hr4622ih.pdf |
