‘‘(aa) in the case of a power 
generation facility or power gen-
eration unit placed in service 
after January 8, 2013, captures 
50 percent or more of the quali-
fied carbon dioxide (as defined in 
section 45Q(b)) of such facility 
and disposes of such captured 
qualified carbon dioxide in secure 
geological storage (as determined 
under section 45Q(d)(2)), and 
‘‘(bb) in the case of a power 
generation facility or power gen-
eration unit placed in service be-
fore January 9, 2013, captures 
30 percent or more of the quali-
fied carbon dioxide (as defined in 
section 45Q(b)) of such facility 
and disposes of such captured 
qualified carbon dioxide in secure 
geological storage (as determined 
under section 45Q(d)(2)). 
‘‘(II) OTHER
FACILITIES.—The 
sale of any good or service from any 
facility (other than a power generation 
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facility) which is a qualified facility 
described in section 45Q(c) and the 
captured qualified carbon dioxide (as 
so defined) of which is disposed of in 
secure geological storage (as deter-
mined under section 45Q(d)(2)).’’. 
(b) RENEWABLE CHEMICAL.— 
(1) IN
GENERAL.—Section 7704(d) of such 
Code is amended by adding at the end the following 
new paragraph: 
‘‘(6) QUALIFYING RENEWABLE CHEMICAL.— 
‘‘(A) IN GENERAL.—The term ‘qualifying 
renewable chemical’ means any renewable chem-
ical (as defined in section 9001 of the Agri-
culture Act of 2014)— 
‘‘(i) which is produced by the taxpayer 
in the United States or in a territory or 
possession of the United States, 
‘‘(ii) which is the product of, or reli-
ant upon, biological conversion, thermal 
conversion, or a combination or biological 
and thermal conversion, of renewable bio-
mass (as defined in section 9001(12) of he 
Farm Security and Rural Investment Act 
of 2002), 
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‘‘(iii) the biobased content of which is 
95 percent or higher, 
‘‘(iv) which is sold or used by the tax-
payer— 
‘‘(I) for the production of chem-
ical products, polymers, plastics, or 
formulated products, or 
‘‘(II) as chemicals, polymers, 
plastics, or formulated products, 
‘‘(v) which is not sold or used for the 
production of any food, feed, or fuel, and 
‘‘(vi) which is— 
‘‘(I) acetic acid, acrylic acid, acyl 
glutamate, adipic acid, algae oils, 
algae 
sugars, 
aromatics, 
1,4- 
butanediol, 
iso-butanol, 
n-butanol, 
carboxylic 
acids, 
cellulosic 
sugar, 
diethyl methylene malonate, ethyl ace-
tate, farnesene, gamma-butyrolactone, 
glucaric acid, hexamethylenediamine, 
3-hydroxy propionic acid, C10 hydro-
carbons, 
isoprene, 
itaconic 
acid, 
ketals, 
levulinic 
acid, 
olefins, 
polyhydroxyalkonate, polylactic acid, 
polyitaconic acid, polyols from vege-
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table 
oils, 
poly(xylitan 
levulinate 
ketal), 
1,3-propanediol, 
1,2- 
propanediol, succinic acid, terpenes, 
thiols, or p-Xylene, or 
‘‘(II) any chemical not described 
in clause (i) which is a chemical listed 
by the Secretary for purposes of this 
paragraph. 
‘‘(B) BIOBASED CONTENT.—For purposes 
of subparagraph (A)(iii), the term ‘biobased 
content percentage’ means, with respect to any 
renewable chemical, the biobased content of 
such chemical (expressed as a percentage) de-
termined by testing representative samples 
using the American Society for Testing and 
Materials (ASTM) D6866.’’. 
(2) LIST OF OTHER QUALIFYING RENEWABLE 
CHEMICALS.—Not later than 180 days after the date 
of the enactment of this Act, the Secretary of the 
Treasury (or the Secretary’s delegate), in consulta-
tion with the Secretary of Agriculture, shall establish 
a program to consider applications from taxpayers 
for 
the 
listing 
of 
chemicals 
under 
section 
7874(d)(6)(A)(vi)(II) (as added by paragraph (1)). 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act, in taxable years ending after such date. 
Æ 
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