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    <number>1262</number>
    <updateDate>2025-12-05T09:25:01Z</updateDate>
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    <introducedDate>2023-02-28</introducedDate>
    <congress>118</congress>
    <legislationUrl>https://www.congress.gov/bill/118th-congress/house-bill/1262</legislationUrl>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 38 (Tuesday, February 28, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. SCHWEIKERT:H.R. 1262.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the U.S. Constitution:The Congress shall have the Power to make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.The single subject of this legislation is:create parity between the credit value for utilization andsequestration in the 45Q carbon capture tax credit.[Page H972]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>CCU Parity Act of 2023</title>
        <congress>118</congress>
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          <actionDate>2023-02-28</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <fullName>Rep. Schweikert, David [R-AZ-1]</fullName>
        <firstName>David</firstName>
        <lastName>Schweikert</lastName>
        <party>R</party>
        <state>AZ</state>
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        <fullName>Rep. Sewell, Terri A. [D-AL-7]</fullName>
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        <party>D</party>
        <state>AL</state>
        <middleName>A.</middleName>
        <district>7</district>
        <sponsorshipDate>2023-02-28</sponsorshipDate>
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        <bioguideId>H001095</bioguideId>
        <fullName>Rep. Hunt, Wesley [R-TX-38]</fullName>
        <firstName>Wesley</firstName>
        <lastName>Hunt</lastName>
        <party>R</party>
        <state>TX</state>
        <district>38</district>
        <sponsorshipDate>2023-04-25</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>M001205</bioguideId>
        <fullName>Rep. Miller, Carol D. [R-WV-1]</fullName>
        <firstName>Carol</firstName>
        <lastName>Miller</lastName>
        <party>R</party>
        <state>WV</state>
        <middleName>D.</middleName>
        <district>1</district>
        <sponsorshipDate>2023-06-21</sponsorshipDate>
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        <fullName>Rep. Nehls, Troy E. [R-TX-22]</fullName>
        <firstName>Troy</firstName>
        <lastName>Nehls</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>E.</middleName>
        <district>22</district>
        <sponsorshipDate>2023-11-30</sponsorshipDate>
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        <bioguideId>R000610</bioguideId>
        <fullName>Rep. Reschenthaler, Guy [R-PA-14]</fullName>
        <firstName>Guy</firstName>
        <lastName>Reschenthaler</lastName>
        <party>R</party>
        <state>PA</state>
        <district>14</district>
        <sponsorshipDate>2024-01-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001225</bioguideId>
        <fullName>Rep. Sorensen, Eric [D-IL-17]</fullName>
        <firstName>Eric</firstName>
        <lastName>Sorensen</lastName>
        <party>D</party>
        <state>IL</state>
        <district>17</district>
        <sponsorshipDate>2024-09-23</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-03-17T16:15:30Z</updateDate>
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        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-04-25T13:37:17Z</updateDate>
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          <text>&lt;p&gt; &lt;strong&gt;CCU Parity Act of 2023 &lt;/strong&gt;&lt;/p&gt; This bill increases the tax credit for carbon capture and use to match incentives for carbon capture and sequestration for both direct air capture and the power and industrial sectors.</text>
        </cdata>
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    </summaries>
    <title>CCU Parity Act of 2023</title>
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        <titleType>Display Title</titleType>
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        <title>CCU Parity Act of 2023</title>
        <updateDate>2024-07-24T15:23:33Z</updateDate>
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        <title>CCU Parity Act of 2023</title>
        <updateDate>2024-05-24T13:42:01Z</updateDate>
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        <title>To amend the Internal Revenue Code of 1986 to increase the applicable dollar amount for qualified carbon oxide which is captured and utilized for purposes of the carbon oxide sequestration credit.</title>
        <updateDate>2024-03-18T20:23:41Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <date>2023-02-28T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr1262ih/xml/BILLS-118hr1262ih.xml</url>
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    <latestAction>
      <actionDate>2023-02-28</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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