3.0.0 1128 2019-11-15T21:47:48Z 2019-11-15T21:47:48Z House H HR 2005-03-03 109 hswm00 Ways and Means Committee House Standing Referred to 2005-03-03T15:00:50Z 2005-03-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-03-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-03-03 Introduced in House IntroReferral 1000 9 Library of Congress T000238 Rep. Thornberry, Mac [R-TX-13] WILLIAM THORNBERRY R TX M. 13 N S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2006-06-08 False C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2006-07-19 False Taxation Air pollution control Carbon dioxide Climate change and greenhouse gases Commerce Compressed natural gas Energy Environmental Protection Gas pipelines Income tax Industrial pollution Secondary recovery of gas Secondary recovery of oil Tax credits Transportation and Public Works Taxation 00 2005-03-03 Introduced in House 2005-03-17T19:28:41Z Amends the Internal Revenue Code to allow a business tax credit for amounts of qualified carbon dioxide captured in the United States from anthropogenic industrial sources (e.g., an ethanol plant, fertilizer plant, or chemical plant) and used as a tertiary injectant in enhanced oil and natural gas recovery. Sets the credit amount at 75 cents (adjusted for inflation) per 1,000 standard cubic feet of the carbon dioxide captured.

Defines "qualified carbon dioxide" as carbon dioxide captured from an anthropogenic source that: (1) would otherwise be released into the atmosphere as industrial emission of greenhouse gas; (2) is measurable at the source of capture; (3) is compressed, treated, and transported by pipeline; (4) is sold as a tertiary injectant in qualified enhanced oil and natural gas recovery; and (5) is permanently sequestered in geological formations as a result of the oil and natural gas recovery process.

]]> To amend the Internal Revenue Code of 1986 to allow a credit for carbon dioxide captured from anthropogenic industrial sources and used as a tertiary injectant in enhanced oil and natural gas recovery. Display Title To amend the Internal Revenue Code of 1986 to allow a credit for carbon dioxide captured from anthropogenic industrial sources and used as a tertiary injectant in enhanced oil and natural gas recovery. Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a credit for carbon dioxide captured from anthropogenic industrial sources and used as a tertiary injectant in enhanced oil and natural gas recovery. Introduced in House 2005-03-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr1128ih/xml/BILLS-109hr1128ih.xml 2005-03-03 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.