HR 2633
117th Congress
House
Taxation
Air quality
Climate change and greenhouse gases
Income tax credits
Industrial facilities
To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon oxide sequestration.
Introduced: April 16, 2021
Introduced by:
Schweikert, David
Republican
· Arizona
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2021
Referred to the House Committee on Ways and Means.
Apr 16, 2021
Introduced in House
Plain-English summary
This bill modifies the tax credit for carbon oxide sequestration. It increases the applicable dollar amount of such credit, repeals the placed-in-service deadline, expands the types of facilities to which the credit applies, and extends the credit period from 12 to 20 years.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1