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S. 1663 115th Congress Senate

CO2 Regulatory Certainty Act

Official title: A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit.

Introduced: July 31, 2017 Introduced by: John Hoeven Republican · North Dakota See on congress.gov
Taxation Administrative law and regulatory proceduresAir qualityClimate change and greenhouse gasesEnvironmental Protection Agency (EPA)
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Environmental regulatory proceduresIncome tax creditsOil and gasWater qualityWater use and supply
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2017
Read twice and referred to the Committee on Finance.
Jul 27, 2017
Introduced in Senate
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 Latest action July 27, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

CO2 Regulatory Certainty Act

This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon dioxide for the purpose of the tax credit for carbon dioxide sequestration.

The bill establishes a December 31, 2017, deadline and requirements for regulations that the Internal Revenue Service (IRS) is required, under current law, to establish for determining adequate security measures for the geological storage of the carbon dioxide such that carbon dioxide does not escape into the atmosphere.

The IRS regulations must consider the carbon dioxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the Environmental Protection Agency under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon dioxide, the injection of carbon dioxide, and the criteria and standards for underground injection control programs that are applicable to Class II wells.

The bill also revises the definition of "qualified enhanced oil or natural gas recovery project" to exclude a requirement for the first injection of liquids, gases, or other matter to commence after December 31, 1990.

 Related & companion bills 3
  • S 2256 Tax Extender Act of 2017
  • HR 2010 CO2 Regulatory Certainty Act
  • HR 4857 CO2 Regulatory Certainty Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Barrasso, John
Wyoming · Jul 31, 2017
 R
Daines, Steve
Montana · Jul 31, 2017
 R
Wicker, Roger F.
Mississippi · Jul 31, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1663: CO2 Regulatory Certainty Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1663/
MLA
"S. 1663: CO2 Regulatory Certainty Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1663/.
Bluebook (legal)
S. 1663, 115th Cong. (2026), https://openamerica.io/bill/115-S-1663/.
Markdown link
[S. 1663: CO2 Regulatory Certainty Act](https://openamerica.io/bill/115-S-1663/)
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