S. 986 · 117th Congress
Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SmithSponsor19 cosponsors · 12 D, 7 R
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Barrasso
SC
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Capito
CC
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Coons
KC
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Cramer
RD
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Durbin
JE
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Ernst
CG
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Grassley
JH
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Hoeven
AK
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Klobuchar
BL
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Luján
JM
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Manchin
BS
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Schatz
SW
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Whitehouse
DF
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Feinstein
JH
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Hickenlooper
MH
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Heinrich
DF
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Fischer
BC
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Casey
TD
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Duckworth13 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021
What it does: CRS summary · Introduced in Senate · Mar 25, 2021
Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021
This bill extends the carbon oxide sequestration tax credit through 2030. It also permits taxpayers to elect to receive a payment in lieu of the tax credits for carbon oxide sequestration and qualifying advanced coal projects.
The bill also makes other modifications to certain carbon sequestration credits, including (1) an allowance of carbon sequestration credits against the base erosion minimum tax, (2) modifications to sequestration requirements for certain qualifying advanced coal project credit equipment, and (3) increasing the sequestration credit value for direct air capture projects.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021
Latest action (Mar 25, 2021): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Mar 25, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.