S. 4966
Referred to Committee45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020
Introduced 12/7/2020•116th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
12/7/2020 • Senate
Summary
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.
Introduced in Senate • 12/7/2020
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (10)
Party Breakdown
4
Democrats
6
Republicans
0
Independents
Sponsor
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Cosponsors (9)
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Bill Journey
Originated in the Senate
Introduced
December 7, 2020
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate12/7/2020