S 4966
116th Congress
Senate
Taxation
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020
Introduced: December 7, 2020
Introduced by:
Capito, Shelley Moore
Republican
· West Virginia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 7, 2020
Read twice and referred to the Committee on Finance.
Dec 7, 2020
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1