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S 2982 106th Congress Senate Environmental Protection Agriculture and Food American investments Biological diversity conservation Business income tax Carbon cycle Climate change and greenhouse gases Commerce Developing countries Economics and Public Finance Environmental auditing Export credit Export finance Finance and Financial Sector Foreign Trade and International Finance Forest conservation Government Operations and Politics Income tax Indigenous peoples Investment guaranty insurance

International Carbon Sequestration Incentive Act

Introduced: July 27, 2000 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2000
Read twice and referred to the Committee on Finance.
Jul 27, 2000
Sponsor introductory remarks on measure. (CR S7896-7897)
Jul 27, 2000
Introduced in Senate
 Plain-English summary Congressional Research Service
International Carbon Sequestration Incentive Act - Title I: Investment Tax Credit - Amends the Internal Revenue Code to establish a limited tax carbon sequestration investment credit in the case of an eligible taxpayer who is subject to the terms and conditions of a carbon sequestration project contract with respect to a sponsored carbon sequestration project outside the United States.

Title II: Loan Guarantees and Equity Investment Insurance - Permits an owner or operator of property that is located outside of the United States to enter into a carbon sequestration project contract under specified terms and conditions to be eligible for: (1) an extension of credit from the Export-Import Bank of the United States of up to 75 percent of the cost of carrying out the carbon sequestration practices specified in the contract to the extent that the Export-Import Bank determines that the cost sharing is appropriate, in the public interest, and otherwise meets requirements of the Export-Import Bank Act of 1945; and (2) investment insurance issued by the Overseas Private Investment Corporation pursuant to provisions of the Foreign Assistance Act of 1961 if the Corporation determines that issuance of the insurance is consistent with such provisions.

What's happening now July 27, 2000

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1