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H.R. 8858

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to extend and allow an elective payment of the tax credit for carbon oxide sequestration.
About This Bill
Committee
Latest Action · December 3, 2020
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
December 3, 2020
Sponsor
Rep. David McKinleyR
Cosponsors (8)
4D 4R
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Summary

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Accelerating Carbon Capture and Extending Secure Storage through 45Q Act or the ACCESS 45Q Act This bill extends the tax credit for carbon oxide sequestration through 2033 and allows taxpayers an election to receive payments in lieu of the credit.

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