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Carbon Capture Improvement Act of 2019

USA116th CongressS-1763| Senate 
| Updated: 6/10/2019
Michael F. Bennet

Michael F. Bennet

Democratic Senator

Colorado

Cosponsors (1)
Rob Portman (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Carbon Capture Improvement Act of 2019 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 which 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.
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Timeline
Jun 10, 2019
Introduced in Senate
Jun 10, 2019
Read twice and referred to the Committee on Finance.
Jul 19, 2019

Latest Companion Bill Action

HR 116-3861
Introduced in House
  • June 10, 2019
    Introduced in Senate


  • June 10, 2019
    Read twice and referred to the Committee on Finance.


  • July 19, 2019

    Latest Companion Bill Action

    HR 116-3861
    Introduced in House

Taxation

Related Bills

  • HR 116-3861: Carbon Capture Improvement Act of 2019
Air qualityClimate change and greenhouse gasesIncome tax exclusionIndustrial facilitiesManufacturingOil and gasSecurities

Carbon Capture Improvement Act of 2019

USA116th CongressS-1763| Senate 
| Updated: 6/10/2019
Carbon Capture Improvement Act of 2019 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 which 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 10, 2019
Introduced in Senate
Jun 10, 2019
Read twice and referred to the Committee on Finance.
Jul 19, 2019

Latest Companion Bill Action

HR 116-3861
Introduced in House
  • June 10, 2019
    Introduced in Senate


  • June 10, 2019
    Read twice and referred to the Committee on Finance.


  • July 19, 2019

    Latest Companion Bill Action

    HR 116-3861
    Introduced in House
Michael F. Bennet

Michael F. Bennet

Democratic Senator

Colorado

Cosponsors (1)
Rob Portman (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-3861: Carbon Capture Improvement Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Air qualityClimate change and greenhouse gasesIncome tax exclusionIndustrial facilitiesManufacturingOil and gasSecurities