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Bill > HR5156


US HR5156

US HR5156
Carbon Capture and Sequestration Extension Act of 2019


summary

Introduced
11/19/2019
In Committee
11/19/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to extend the credit for carbon oxide sequestration. This bill extends for one year the tax credit for carbon oxide sequestration.

AI Summary

This bill extends for one year the tax credit for carbon oxide sequestration. Specifically, it amends the Internal Revenue Code of 1986 to extend the credit for carbon oxide sequestration from January 1, 2024 to January 1, 2025. The amendment applies to facilities the construction of which begins after December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Referred to the House Committee on Ways and Means. (on 11/19/2019)

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