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S. 4966 116th Congress Senate

45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for a 5-year extension of the carbon oxide sequestration credit, and for other purposes.

Introduced: December 20, 2020 Introduced by: Shelley Moore Capito Republican · West Virginia See on congress.gov
Taxation
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Dec 7, 2020
Read twice and referred to the Committee on Finance.
Dec 7, 2020
Introduced in Senate
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 Latest action December 7, 2020

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 5156 Carbon Capture and Sequestration Extension Act of 2019
  • HR 8858 ACCESS 45Q Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 3 Republican 5
D
Durbin, Richard J.
Illinois · Dec 20, 2020
 R
Ernst, Joni
Iowa · Dec 14, 2020
 R
Grassley, Chuck
Iowa · Dec 14, 2020
 R
Barrasso, John
Wyoming · Dec 7, 2020
 R
Cramer, Kevin
North Dakota · Dec 7, 2020
 R
Hoeven, John
North Dakota · Dec 7, 2020
 D
Smith, Tina
Minnesota · Dec 7, 2020
 D
Whitehouse, Sheldon
Rhode Island · Dec 7, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4966: 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4966/
MLA
"S. 4966: 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4966/.
Bluebook (legal)
S. 4966, 116th Cong. (2026), https://openamerica.io/bill/116-S-4966/.
Markdown link
[S. 4966: 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020](https://openamerica.io/bill/116-S-4966/)
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