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S. 4966

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to provide for a 5-year extension of the carbon oxide sequestration credit, and for other purposes.
About This Bill
Committee
Latest Action · December 7, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
December 7, 2020
Sponsor
Sen. Shelley CapitoR
Cosponsors (9)
4D 5R
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Summary

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45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020 This bill extends the tax credi for carbon oxide sequestration through 2028 and allows taxpayers an election to receive payments in lieu of the credit and the credit for qualifying advanced coal projects.

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