HR 4408 117th Congress House Taxation Air quality Climate change and greenhouse gases Income tax exclusion Industrial facilities Manufacturing Oil and gas Securities

Carbon Capture Improvement Act of 2021

Introduced: July 13, 2021 Introduced by: Burchett, Tim Republican · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 13, 2021

Referred to the House Committee on Ways and Means.

Jul 13, 2021

Introduced in House

Plain-English summary Congressional Research Service

Carbon Capture Improvement Act of 2021

This bill authorizes the issuance of tax-exempt facility bonds for the financing of qualified carbon dioxide capture facilities.

A qualified carbon dioxide capture facility is any equipment installed in an industrial carbon dioxide facility that satisfies specified capture and storage requirements and (1) is used for the capture, treatment and purification, compression, transportation, or on-site storage of carbon dioxide produced by the industrial carbon dioxide facility; or (2) is integral or functionally related and subordinate to a gasification process that converts a product from coal, petroleum residue, biomass, or other materials that are recovered for their energy or feedstock value into a synthesis gas composed primarily of carbon dioxide and hydrogen for direct use or subsequent chemical or physical conversion.

What's happening now July 13, 2021

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1