I 
119TH CONGRESS 
1ST SESSION H. R. 1003 
To amend the Internal Revenue Code of 1986 to modify the carbon oxide 
sequestration credit to ensure parity for different uses and utilizations 
of qualified carbon oxide. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 5, 2025 
Mr. HERN of Oklahoma 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 modify 
the carbon oxide sequestration credit to ensure parity 
for different uses and utilizations of qualified carbon 
oxide. 
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 ‘‘Enhancing Energy Re-
covery Act’’. 
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SEC. 2. PARITY FOR DIFFERENT USES AND UTILIZATIONS 
OF QUALIFIED CARBON OXIDE. 
(a) IN GENERAL.—Section 45Q of the Internal Rev-
enue Code of 1986 is amended— 
(1) in subsection (a)— 
(A) in paragraph (2)(B)(ii), by adding 
‘‘and’’ at the end, 
(B) in paragraph (3), by striking subpara-
graph (B) and inserting the following: 
‘‘(B)(i) disposed of by the taxpayer in se-
cure geological storage and not used by the tax-
payer as described in clause (ii) or (iii), 
‘‘(ii) used by the taxpayer as a tertiary 
injectant in a qualified enhanced oil or natural 
gas recovery project and disposed of by the tax-
payer in secure geological storage, or 
‘‘(iii) utilized by the taxpayer in a manner 
described in subsection (f)(5).’’, and 
(C) by striking paragraph (4), 
(2) in subsection (b)— 
(A) in paragraph (1)— 
(i) by striking subparagraph (A) and 
inserting the following: 
‘‘(A) Except as provided in subparagraph 
(B) or (C), the applicable dollar amount shall 
be an amount equal to— 
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‘‘(i) for any taxable year beginning in 
a calendar year after 2024 and before 
2027, $17, and 
‘‘(ii) for any taxable year beginning in 
a calendar year after 2026, an amount 
equal to the product of $17 and the infla-
tion adjustment factor for such calendar 
year determined under section 43(b)(3)(B) 
for such calendar year, determined by sub-
stituting ‘2025’ for ‘1990’.’’, and 
(ii) in subparagraph (B), by striking 
‘‘shall be applied’’ and all that follows 
through the period and inserting ‘‘shall be 
applied by substituting ‘$36’ for ‘$17’ each 
place it appears.’’, 
(B) in paragraph (2)(B), by striking 
‘‘paragraphs (3)(A) and (4)(A)’’ and inserting 
‘‘paragraph (3)(A)’’, and 
(C) in paragraph (3), by striking ‘‘the dol-
lar amounts applicable under paragraph (3) or 
(4)’’ and inserting ‘‘the dollar amount applica-
ble under paragraph (3)’’, 
(3) in subsection (f)— 
(A) in paragraph (5)(B)(i), by striking 
‘‘(4)(B)(ii)’’ and inserting ‘‘(3)(B)(iii)’’, and 
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(B) in paragraph (9), by striking ‘‘para-
graphs (3) and (4) of subsection (a)’’ and in-
serting ‘‘subsection (a)(3)’’, and 
(4) in subsection (h)(3)(A)(ii), by striking 
‘‘paragraph (3)(A) or (4)(A) of subsection (a)’’ and 
inserting ‘‘subsection (a)(3)(A)’’. 
(b) 
CONFORMING
AMENDMENT.—Section 
6417(d)(3)(C)(i)(II)(bb) of the Internal Revenue Code of 
1986 is amended by striking ‘‘paragraph (3)(A) or (4)(A) 
of section 45Q(a)’’ and inserting ‘‘section 45Q(a)(3)(A)’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2024. 
Æ 
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