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S 1829 117th Congress Senate 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: May 26, 2021 Introduced by: Bennet, Michael F. Democratic · Colorado See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2021
Read twice and referred to the Committee on Finance.
May 26, 2021
Introduced in Senate
 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 May 26, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1