S 4966 · 116th Congress · Taxation
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2020-12-07)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only