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45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020

USA116th CongressS-4966| Senate 
| Updated: 12/7/2020
Shelley Moore Capito

Shelley Moore Capito

Republican Senator

West Virginia

Cosponsors (9)
Joni Ernst (Republican)Richard J. Durbin (Democratic)Sheldon Whitehouse (Democratic)Joe Manchin (Independent)Kevin Cramer (Republican)John Barrasso (Republican)Tina Smith (Democratic)Chuck Grassley (Republican)John Hoeven (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020 This bill extends the tax credi for carbon oxide sequestration through 2028 and allows taxpayers an election to receive payments in lieu of the credit and the credit for qualifying advanced coal projects.
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Timeline
Dec 7, 2020
Introduced in Senate
Dec 7, 2020
Read twice and referred to the Committee on Finance.
  • December 7, 2020
    Introduced in Senate
  • December 7, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-8858: ACCESS 45Q Act
  • HR 116-5156: Carbon Capture and Sequestration Extension Act of 2019

45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020

USA116th CongressS-4966| Senate 
| Updated: 12/7/2020
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020 This bill extends the tax credi for carbon oxide sequestration through 2028 and allows taxpayers an election to receive payments in lieu of the credit and the credit for qualifying advanced coal projects.
View Full Text

Suggested Questions

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

Timeline
Dec 7, 2020
Introduced in Senate
Dec 7, 2020
Read twice and referred to the Committee on Finance.
  • December 7, 2020
    Introduced in Senate
  • December 7, 2020
    Read twice and referred to the Committee on Finance.
Shelley Moore Capito

Shelley Moore Capito

Republican Senator

West Virginia

Cosponsors (9)
Joni Ernst (Republican)Richard J. Durbin (Democratic)Sheldon Whitehouse (Democratic)Joe Manchin (Independent)Kevin Cramer (Republican)John Barrasso (Republican)Tina Smith (Democratic)Chuck Grassley (Republican)John Hoeven (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-8858: ACCESS 45Q Act
  • HR 116-5156: Carbon Capture and Sequestration Extension Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted