3.0.0 3590 2023-01-11T13:21:44Z 2023-01-11T13:21:44Z Senate S S 2010-07-14 111 ssfi00 Finance Committee Senate Standing Referred to 2010-07-14T22:45:08Z Carbon Capture and Sequestration Deployment Act of 2010 111 3589 S 2010-07-14 Read twice and referred to the Committee on Energy and Natural Resources. Related bill CRS Carbon Capture and Sequestration Deployment Act of 2010 111 3591 S 2010-07-14 Read twice and referred to the Committee on Finance. Related bill CRS 2010-07-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV N V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. 2010-07-14 True Taxation Air quality Climate change and greenhouse gases Coal Electric power generation and transmission Environmental technology Government lending and loan guarantees Income tax credits Oil and gas Securities Taxation 00 2010-07-14 Introduced in Senate 2010-10-20T20:24:31Z 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.

]]> Carbon Capture and Sequestration Deployment Revenue Act of 2010 Display Title Carbon Capture and Sequestration Deployment Revenue Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide financial incentives to facilitate the development and early deployment of carbon capture and sequestration technologies, and for other purposes. Introduced in Senate IS Short Titles as Introduced Carbon Capture and Sequestration Deployment Revenue Act of 2010 Introduced in Senate 2010-07-14T04:00:00Z 2010-07-14 Read twice and referred to the Committee on Finance. 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.