Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-3761115th Congress
Carbon Capture Act
Sponsored By: Representative Conaway, K. Michael [R-TX-11]
Unknown
Summary
Carbon Capture Act This bill amends the Internal Revenue Code to extend and modify the tax credit for carbon dioxide (CO2) sequestration. The bill modifies the credit to: allow certain new industrial or direct air capture facilities to qualify for the credit if construction begins before 2024; allow qualified projects to claim the credit for 15 years, beginning on the date the equipment was originally placed in service; increase the credit amounts for certain projects placed in service upon or after the enactment of this bill; expand the purposes for which captured CO2 may be used; modify the requirements for the amount of CO2 that must be captured; specify that the 75 million metric ton cap on the CO2 that may qualify for the credit applies only to projects placed in service before the enactment of this bill; allow the credit to be transferred from the entity that owns and uses the capture equipment to the entity that disposes of or uses the CO2; and allow certain facilities that were placed in service after 2015 and have not previously claimed the credit to be treated as placed in service on the date of the enactment of this bill.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Conaway, K. Michael [R-TX-11]
TX • R
Cosponsors
ROBERT BRADY
PA • D
Sponsored 9/13/2017
Rep. Costello, Ryan A. [R-PA-6]
PA • R
Sponsored 9/13/2017
Rep. McKinley, David B. [R-WV-1]
WV • R
Sponsored 9/13/2017
Rep. Tipton, Scott R. [R-CO-3]
CO • R
Sponsored 9/13/2017
Rep. Costa, Jim [D-CA-21]
CA • D
Sponsored 9/13/2017
Rep. Davis, Rodney [R-IL-13]
IL • R
Sponsored 9/13/2017
GENE GREEN
TX • D
Sponsored 9/13/2017
Rep. Cole, Tom [R-OK-4]
OK • R
Sponsored 9/13/2017
Rep. Sinema, Kyrsten [D-AZ-9]
AZ • D
Sponsored 9/13/2017
Rep. Hurd, Will [R-TX-23]
TX • R
Sponsored 9/13/2017
Rep. Barr, Andy [R-KY-6]
KY • R
Sponsored 9/13/2017
Rep. Bishop, Sanford D. [D-GA-2]
GA • D
Sponsored 9/13/2017
Rep. Moolenaar, John R. [R-MI-2]
MI • R
Sponsored 9/13/2017
Rep. Doyle, Michael F. [D-PA-18]
PA • D
Sponsored 9/13/2017
Rep. Stefanik, Elise M. [R-NY-21]
NY • R
Sponsored 9/13/2017
Rep. Huizenga, Bill [R-MI-4]
MI • R
Sponsored 9/13/2017
Rep. Pearce, Stevan [R-NM-2]
NM • R
Sponsored 9/13/2017
Rep. Kelly, Trent [R-MS-1]
MS • R
Sponsored 10/4/2017
Rep. Abraham, Ralph Lee [R-LA-5]
LA • R
Sponsored 10/10/2017
Rep. Walberg, Tim [R-MI-5]
MI • R
Sponsored 10/25/2017
Rep. Bergman, Jack [R-MI-1]
MI • R
Sponsored 10/25/2017
Rep. Lamborn, Doug [R-CO-5]
CO • R
Sponsored 10/25/2017
Rep. Ryan, Tim [D-OH-13]
OH • D
Sponsored 11/2/2017
RICHARD NOLAN
MN • D
Sponsored 11/7/2017
Rep. Graves, Garret [R-LA-6]
LA • R
Sponsored 12/6/2017
Rep. Boyle, Brendan F. [D-PA-2]
PA • D
Sponsored 1/19/2018
JOHN CULBERSON
TX • R
Sponsored 1/22/2018
Sen. Marshall, Roger [R-KS]
KS • R
Sponsored 2/2/2018
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 9/13/2017
Rep. Murphy, Tim [R-PA-18]
PA • R
Sponsored 9/13/2017
Rep. Jenkins, Evan H. [R-WV-3]
WV • R
Sponsored 9/13/2017
COLLIN PETERSON
MN • D
Sponsored 9/13/2017
JOE BARTON
TX • R
Sponsored 9/13/2017
Rep. Bost, Mike [R-IL-12]
IL • R
Sponsored 9/13/2017
Rep. Johnson, Bill [R-OH-6]
OH • R
Sponsored 9/13/2017
Rep. Veasey, Marc A. [D-TX-33]
TX • D
Sponsored 9/13/2017
Rep. Aderholt, Robert B. [R-AL-4]
AL • R
Sponsored 9/13/2017
Rep. Kaptur, Marcy [D-OH-9]
OH • D
Sponsored 9/13/2017
Rep. Curbelo, Carlos [R-FL-26]
FL • R
Sponsored 9/13/2017
Rep. Hudson, Richard [R-NC-9]
NC • R
Sponsored 9/13/2017
Rep. Harper, Gregg [R-MS-3]
MS • R
Sponsored 9/14/2017
Rep. Rogers, Mike D. [R-AL-3]
AL • R
Sponsored 9/14/2017
Rep. Farenthold, Blake [R-TX-27]
TX • R
Sponsored 9/14/2017
Rep. Gianforte, Greg [R-MT-At Large]
MT • R
Sponsored 9/25/2017
Rep. Higgins, Clay [R-LA-3]
LA • R
Sponsored 9/25/2017
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 9/25/2017
Rep. Guthrie, Brett [R-KY-2]
KY • R
Sponsored 9/27/2017
Rep. Upton, Fred [R-MI-6]
MI • R
Sponsored 9/27/2017
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 2/7/2018
Rep. Yarmuth, John A. [D-KY-3]
KY • D
Sponsored 2/8/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov