3.0.0 2263 2022-11-01T13:50:23Z 2022-11-01T13:50:23Z Senate S 2019-07-25 116 ssfi00 Finance Committee Senate Standing Referred to 2019-07-25T15:17:49Z 2019-07-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-07-25 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 2019-07-25 True H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2019-07-25 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2019-07-25 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2019-07-25 True Taxation Administrative law and regulatory procedures Air quality Climate change and greenhouse gases Department of the Treasury Environmental regulatory procedures Income tax credits Internal Revenue Service (IRS) Oil and gas Water quality Water use and supply Taxation 00 2019-07-25 Introduced in Senate 2020-10-29T21:23:48Z CO2 Regulatory Certainty Act

This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon oxide.

The bill requires the Internal Revenue Service (IRS), in consultation with other federal agencies, including the Environmental Protection Agency (EPA), to prescribe regulations for determining adequate security measures for the geological storage of carbon oxide so that it does not escape into the atmosphere.

The IRS regulations must consider the carbon oxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the EPA under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon oxide.

The bill also revises the definition of "qualified enhanced oil or natural gas recovery project" to exclude a requirement for the first injection of liquids, gases, or other matter to commence after December 31, 1990.

]]> CO2 Regulatory Certainty Act Display Title CO2 Regulatory Certainty Act Short Title(s) as Introduced CO2 Regulatory Certainty Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon oxide for purposes of the carbon oxide sequestration credit, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2263is/xml/BILLS-116s2263is.xml 2019-07-25 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.