3.0.0 3761 2023-01-11T13:38:43Z 2023-01-11T13:38:43Z House HR 2017-09-13 115 [Congressional Record Volume 163, Number 148 (Wednesday, September 13, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CONAWAY:H.R. 3761.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H7383]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-09-13T14:02:00Z FUTURE Act 115 1535 S 2017-07-12 Read twice and referred to the Committee on Finance. Related bill CRS Bipartisan Budget Act of 2018 115 1892 HR 2018-02-09 Became Public Law No: 115-123. Related bill CRS Tax Extender Act of 2017 115 2256 S 2017-12-20 Read twice and referred to the Committee on Finance. Related bill CRS 2017-09-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-09-13 Introduced in House IntroReferral 1000 9 Library of Congress C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 N B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2017-09-13 True C001106 Rep. Costello, Ryan A. [R-PA-6] Ryan Costello R PA A. 6 2017-09-13 True M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2017-09-13 True C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2017-09-13 True M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2017-09-13 True J000297 Rep. Jenkins, Evan H. [R-WV-3] Evan Jenkins R WV H. 3 2017-09-13 True P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2017-09-13 True T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-09-13 True C001059 Rep. Costa, Jim [D-CA-16] Jim Costa D CA 16 2017-09-13 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2017-09-13 True G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2017-09-13 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2017-09-13 True S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-09-13 True H001073 Rep. Hurd, Will [R-TX-23] Will Hurd R TX 23 2017-09-13 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2017-09-13 True B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2017-09-13 True M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2017-09-13 True D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2017-09-13 True S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2017-09-13 True H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2017-09-13 True B000213 Rep. Barton, Joe [R-TX-6] JOE BARTON R TX L. 6 2017-09-13 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2017-09-13 True B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2017-09-13 True J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2017-09-13 True V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2017-09-13 True A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2017-09-13 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-09-13 True C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2017-09-13 True H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2017-09-13 True H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2017-09-14 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2017-09-14 False F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2017-09-14 False G000584 Rep. Gianforte, Greg [R-MT-At Large] Greg Gianforte R MT 0 2017-09-25 False H001077 Rep. Higgins, Clay [R-LA-3] Clay Higgins R LA 3 2017-09-25 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-09-25 False G000558 Rep. Guthrie, Brett [R-KY-2] Brett Guthrie R KY 2 2017-09-27 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2017-09-27 False K000388 Rep. Kelly, Trent [R-MS-1] Trent Kelly R MS 1 2017-10-04 False A000374 Rep. Abraham, Ralph Lee [R-LA-5] Ralph Abraham R LA Lee 5 2017-10-10 False W000798 Rep. Walberg, Tim [R-MI-7] Tim Walberg R MI 7 2017-10-25 False B001301 Rep. Bergman, Jack [R-MI-1] Jack Bergman R MI 1 2017-10-25 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2017-10-25 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2017-11-02 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2017-11-07 False G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 2017-12-06 False B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2018-01-19 False C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2018-01-22 False M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2018-02-02 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2018-02-07 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2018-02-08 False Taxation Air quality Climate change and greenhouse gases Environmental technology Income tax credits Industrial facilities Oil and gas Taxation 00 2017-09-13 Introduced in House 2018-04-03T19:07:20Z Carbon Capture Act

This bill amends the Internal Revenue Code to extend and modify the tax credit for carbon dioxide (CO2) sequestration. The bill modifies the credit to:

  • allow certain new industrial or direct air capture facilities to qualify for the credit if construction begins before 2024;
  • allow qualified projects to claim the credit for 15 years, beginning on the date the equipment was originally placed in service;
  • increase the credit amounts for certain projects placed in service upon or after the enactment of this bill;
  • expand the purposes for which captured CO2 may be used;
  • modify the requirements for the amount of CO2 that must be captured;
  • specify that the 75 million metric ton cap on the CO2 that may qualify for the credit applies only to projects placed in service before the enactment of this bill;
  • allow the credit to be transferred from the entity that owns and uses the capture equipment to the entity that disposes of or uses the CO2; and
  • allow certain facilities that were placed in service after 2015 and have not previously claimed the credit to be treated as placed in service on the date of the enactment of this bill.
]]> Carbon Capture Act Display Title Carbon Capture Act Short Titles as Introduced Carbon Capture Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to improve and extend the credit for carbon dioxide sequestration. Introduced in House 2017-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3761ih/xml/BILLS-115hr3761ih.xml 2017-09-13 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.