To amend the Internal Revenue Code of 1986 to establish a tax credit for abatement and sequestration of carbon dioxide equivalent through agricultural methods.
Qualified Agricultural Carbon Sequestration Act of 2022
This bill allows certain qualified applicants (i.e., farms) a new tax credit for the abatement and sequestration of carbon dioxide emissions related to certain agricultural activities.
The bill requires the Department of the Treasury to establish a qualified agricultural carbon sequestration and abatement program to consider and award certifications for farms eligible for the credit.
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