HR 5179
117th Congress
House
Taxation
NET Zero Act of 2021
Introduced: September 7, 2021
Introduced by:
Beyer, Donald S.
Democratic
· 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
Sep 7, 2021
Referred to the House Committee on Ways and Means.
Sep 7, 2021
Introduced in House
Plain-English summary
Negating Emissions to Zero Act of 2021 or the NET Zero Act of 2021
This bill extends through 2031 the tax credit for carbon oxide sequestration. It also modifies carbon oxide capture requirements and sets forth a special rule for determining the applicable dollar amount for the deduction of costs relating to direct air capture facilities.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1