US SB843 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Carbon Capture Improvement Act of 2017 This bill amends the Internal Revenue Code to authorize 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 2017
Sponsors
Sen. Michael Bennet [D-CO] | Sen. Rob Portman [R-OH] | Sen. Heidi Heitkamp [D-ND] | Sen. Christopher Coons [D-DE] |
History
Date | Chamber | Action |
---|---|---|
2017-04-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2011 (Same As) 2017-04-06 - Referred to the House Committee on Ways and Means.
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/115th-congress/senate-bill/843/all-info |
Text | https://www.congress.gov/115/bills/s843/BILLS-115s843is.pdf |