3.0.0 2287 2023-01-11T13:26:22Z 2023-01-11T13:26:22Z Senate S S 2014-05-05 113 ssfi00 Finance Committee Senate Standing Referred to 2014-05-05T18:41:10Z 2014-05-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-05-05 Sponsor introductory remarks on measure. (CR S2648-2649) IntroReferral B00100 9 Library of Congress 2014-05-05 Introduced in Senate IntroReferral 10000 9 Library of Congress R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV N W000818 Sen. Walsh, John E. [D-MT] John Walsh D MT E. 2014-05-05 True Energy Administrative law and regulatory procedures Advanced technology and technological innovations Air quality Climate change and greenhouse gases Coal Congressional oversight Department of Energy Department of the Treasury Electric power generation and transmission Energy research Environmental assessment, monitoring, research Environmental technology Executive agency funding and structure Government lending and loan guarantees Income tax credits Industrial facilities Public-private cooperation Research administration and funding Research and development Energy 00 2014-05-05 Introduced in Senate 2014-08-25T22:45:11Z

Carbon Capture and Sequestration Deployment Act of 2014 - Directs the Department of Energy (DOE) to establish a cooperative industry-government research and development program to demonstrate innovative technologies to capture, prevent, or store carbon dioxide (CO2) emissions from carbon-based fuels or to enable the beneficial use of CO2.

Requires DOE to conduct an annual assessment of existing programs supporting carbon capture and sequestration (CCS) technology until that technology is available in commerce. (CCS is a three-step process: the capture, transport, and underground injection and geologic sequestration of CO2.)

Amends the Internal Revenue Code, with respect to the tax credit for CO2 sequestration, to: (1) impose limitations on the allocation of credit amounts for carbon capture projects, including a 10-year limitation on CO2 capture at a qualified facility (defined as an industrial facility which captures not less than 500,000 metric tons of CO2 in a taxable year); (2) require the Secretary of the Treasury to establish procedures for allocating the national limitation on such credit to projects for placing carbon capture equipment (i.e., equipment to capture and pressurize qualified CO2) in service at qualified facilities and for certifying projects for which an allocation has been made; and (3) identify as eligible for such credit the taxpayer who captures and disposes of the qualified CO2.

Amends the Energy Policy Act of 2005 to authorize DOE to make loan guarantees to: (1) construct or retrofit coal- or petroleum coke-fired industrial facilities or electric generation facilities to utilize CCS technology, and (2) construct pipelines for the transport of CO2 to sequestration sites or to sites where the C02 will be used for hydrocarbon recovery. Expands the qualifying advanced coal project investment tax credit to include an additional amount for the costs of constructing and retrofitting such facilities.]]> Carbon Capture and Sequestration Deployment Act of 2014 Display Title Carbon Capture and Sequestration Deployment Act of 2014 Official Title as Introduced A bill to facilitate the development and commercial deployment of carbon capture and sequestration technologies, and for other purposes. Introduced in Senate IS Short Titles as Introduced Carbon Capture and Sequestration Deployment Act of 2014 Introduced in Senate 2014-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2287is/xml/BILLS-113s2287is.xml 2014-05-05 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.