3.0.0 3459 2023-01-11T13:33:30Z 2023-01-11T13:33:30Z Senate S 2016-09-28 114 ssfi00 Finance Committee Senate Standing Referred to 2016-09-28T23:18:10Z CO2 Regulatory Certainty Act 114 6295 HR 2016-09-28 Referred to the House Committee on Ways and Means. Related bill CRS 2016-09-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND N D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2016-09-28 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2016-09-28 True M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY 2016-09-28 True Taxation Administrative law and regulatory procedures Air quality Climate change and greenhouse gases Environmental Protection Agency (EPA) Environmental regulatory procedures Income tax credits Oil and gas Water quality Water use and supply Taxation 00 2016-09-28 Introduced in Senate 2017-02-02T20:56:01Z This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon dioxide for the purpose of the tax credit for carbon dioxide sequestration.

The bill establishes a December 31, 2016, deadline and requirements for regulations that the Internal Revenue Service (IRS) is required, under current law, to establish for determining adequate security measures for the geological storage of the carbon dioxide such that carbon dioxide does not escape into the atmosphere.

The IRS regulations must consider the carbon dioxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the Environmental Protection Agency under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon dioxide, the injection of carbon dioxide, and the criteria and standards for underground injection control programs that are applicable to Class II Wells.

]]> A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit. Display Title A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit. Introduced in Senate IS Introduced in Senate 2016-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3459is/xml/BILLS-114s3459is.xml 2016-09-28 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.