Carbon Capture and Sequestration Extension Act of 2019

Bill: 116-hr-5156
Sponsor: full_name: Rep. Sewell, Terri A. [D-AL-7]
Introduced: 2019-11-19
Policy area: Taxation
Subjects: Air quality

Climate change and greenhouse gases

Income tax credits

Industrial facilities
Latest action: action_date: 2019-11-19
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-11-19
action_desc: Introduced in House
text: <p><strong>Carbon Capture and Sequestration Extension Act of 2019</strong></p> <p>This bill extends for one year the tax credit for carbon oxide sequestration. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 5156 IN THE HOUSE OF REPRESENTATIVES November 19, 2019 Ms. Sewell of Alabama (for herself, Mr. Suozzi , Ms. Sánchez , Mr. Panetta , and Ms. Moore ) 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 the credit for carbon oxide sequestration.

1. Short title This Act may be cited as the Carbon Capture and Sequestration Extension Act of 2019 . 2. Extension of credit for carbon oxide sequestration (a) In general Section 45Q(d)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2024 and inserting January 1, 2025 . (b) Effective date The amendment made by this section applies to facilities the construction of which begins after December 31, 2023.