3.0.0 2010 2023-01-11T13:36:02Z 2023-01-11T13:36:02Z House HR 2017-04-06 115 [Congressional Record Volume 163, Number 60 (Thursday, April 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CRAMER:H.R. 2010.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests is inclause 1 of section 8 of article I of the Constitution.[Page H2791]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-04-06T13:03:15Z Tax Extender Act of 2017 115 2256 S 2017-12-20 Read twice and referred to the Committee on Finance. Related bill CRS CO2 Regulatory Certainty Act 115 1663 S 2017-07-27 Read twice and referred to the Committee on Finance. Related bill CRS CO2 Regulatory Certainty Act 115 4857 HR 2018-01-19 Referred to the House Committee on Ways and Means. Related bill CRS 2017-04-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-04-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-06 Introduced in House IntroReferral 1000 9 Library of Congress C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND N M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2017-04-06 True D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2017-04-06 True P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2017-04-25 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2017-04-25 False J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2017-06-29 False G000584 Rep. Gianforte, Greg [R-MT-At Large] Greg Gianforte R MT 0 2017-10-11 False 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 2017-04-06 Introduced in House 2017-04-25T21:04:12Z CO2 Regulatory Certainty Act

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, 2017, 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.

]]> CO2 Regulatory Certainty Act Display Title CO2 Regulatory Certainty Act Official Title as Introduced 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 House IH Short Titles as Introduced CO2 Regulatory Certainty Act Introduced in House 2017-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2010ih/xml/BILLS-115hr2010ih.xml 2017-04-06 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.