I 
117TH CONGRESS 
1ST SESSION H. R. 5205 
To amend the Internal Revenue Code of 1986 to extend and modify the 
credit for carbon oxide sequestration, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 10, 2021 
Mr. BEYER (for himself and Ms. DELBENE) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
and modify the credit for carbon oxide sequestration, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Negate Emissions to 
Zero Act of 2021’’ or the ‘‘NET Zero Act of 2021’’. 
SEC. 2. EXTENSION AND MODIFICATION OF CREDIT FOR 
CARBON OXIDE SEQUESTRATION. 
(a) EXTENSION.—Section 45Q(d) is amended— 
(1) in paragraph (1), by inserting ‘‘except as 
provided in paragraph (3),’’ at the beginning and 
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striking ‘‘January 1, 2026’’ and inserting ‘‘January 
1, 2032’’, and 
(2) by adding at the end: 
‘‘(3) EXCLUSION
FOR
DIRECT
AIR
CAPTURE 
WITH
DEDICATED
GEOLOGICAL
STORAGE.—In the 
case of qualified carbon oxide captured by a direct 
air capture facility which is used by the taxpayer in 
a manner described in subsection (a)(3), paragraph 
(1) shall not apply.’’. 
(b) MODIFICATION OF CARBON OXIDE CAPTURE RE-
QUIREMENTS.—Section 45Q(d)(2)(C) is amended by 
striking ‘‘100,000’’ and replacing it with ‘‘1,000’’. 
(c) DETERMINATION
OF
APPLICABLE
DOLLAR 
AMOUNT.— 
(1) IN GENERAL.—Section 45Q(b)(1) is amend-
ed by redesignating subparagraph (B) as subpara-
graph (C) and by inserting after subparagraph (A) 
the following new subparagraph: 
‘‘(B) SPECIAL RULE FOR DIRECT AIR CAP-
TURE FACILITIES.—For any taxable year begin-
ning after December 31, 2021, in the case of 
any qualified facility described in subsection 
(d)(2)(C), the applicable dollar amount shall be 
an amount equal to— 
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‘‘(i) for purposes of paragraph (3) of 
subsection (a), an amount equal to the 
product of $180 and the inflation adjust-
ment factor for such calendar year deter-
mined under section 43(b)(3)(B) for such 
calendar year, determined by substituting 
‘2020’ for ‘1990’, and 
‘‘(ii) for purposes of paragraph (4) of 
such subsection, an amount equal to the 
product of $130 and the inflation adjust-
ment factor for such calendar year deter-
mined under section 43(b)(3)(B) for such 
calendar year, determined by substituting 
‘2020’ for ‘1990’.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 45Q(b)(1)(A) is amended by 
striking ‘‘The applicable dollar amount’’ and in-
serting ‘‘Except as provided in subparagraph 
(B), the applicable dollar amount’’. 
(B) Section 45Q(b)(1)(C), as redesignated 
by paragraph (1), is amended by striking ‘‘sub-
paragraph (A)’’ and inserting ‘‘subparagraph 
(A) or (B)’’. 
(d) EFFECTIVE DATES.— 
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(1) EXTENSION.—The amendment made by 
subsection (a) shall apply to facilities the construc-
tion of which begins after December 31, 2025. 
(2) OTHER
AMENDMENTS.—The amendments 
made by subsections (b) and (c) shall apply to tax-
able years beginning after December 31, 2021. 
Æ 
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