3.0.0 986 2023-01-11T13:47:33Z 2023-01-11T13:47:33Z Senate S 2021-03-25 117 ssfi00 Finance Committee Senate Standing Referred to 2021-03-25T18:55:15Z Carbon Capture Modernization Act 117 661 S 2021-03-10 Read twice and referred to the Committee on Finance. Related bill CRS Carbon Capture Modernization Act 117 1760 HR 2021-03-10 Referred to the House Committee on Ways and Means. Related bill CRS 2021-03-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-03-25 Introduced in Senate IntroReferral 10000 9 Library of Congress S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN N C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2021-03-25 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2021-03-25 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2021-03-25 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2021-03-25 True H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2021-03-25 True M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2021-03-25 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2021-03-25 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2021-03-25 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2021-03-25 True L000570 Sen. Lujan, Ben Ray [D-NM] Ben Lujan D NM R. 2021-03-25 True E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2021-03-25 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2021-03-25 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2021-03-25 True H000273 Sen. Hickenlooper, John W. [D-CO] John Hickenlooper D CO W. 2021-04-15 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-04-15 False H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2021-04-20 False F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2021-04-27 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2021-05-12 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2021-05-20 False Taxation Air quality Business investment and capital Climate change and greenhouse gases Coal Electric power generation and transmission Environmental technology Income tax credits Income tax rates Oil and gas Public utilities and utility rates Tax administration and collection, taxpayers Tax-exempt organizations Taxation 00 2021-03-25 Introduced in Senate 2021-05-03T14:26:41Z Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021

This bill extends the carbon oxide sequestration tax credit through 2030. It also permits taxpayers to elect to receive a payment in lieu of the tax credits for carbon oxide sequestration and qualifying advanced coal projects.

The bill also makes other modifications to certain carbon sequestration credits, including (1) an allowance of carbon sequestration credits against the base erosion minimum tax, (2) modifications to sequestration requirements for certain qualifying advanced coal project credit equipment, and (3) increasing the sequestration credit value for direct air capture projects.

]]> Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021 Display Title Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for a 5-year extension of the carbon oxide sequestration credit, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021 Introduced in Senate IS Introduced in Senate 2021-03-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s986is/xml/BILLS-117s986is.xml 2021-03-25 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.