HR 9121 · 117th Congress · Taxation

Qualified Agricultural Carbon Sequestration Act of 2022

Introduced 2022-09-30· Sponsored by Rep. Ryan, Tim [D-OH-13]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-09-30)

Plain Language Summary

[AI summary unavailable — showing source text] Qualified Agricultural Carbon Sequestration Act of 2022 This bill allows certain qualified applicants (i.e., farms) a new tax credit for the abatement and sequestration of carbon dioxide emissions related to certain agricultural activities. The bill requires the Department of the Treasury to establish a qualified agricultural carbon sequestration and abatement program to consider and award certifications for farms eligible for the credit.…

Summarized by Claude AI · Non-partisan · For informational purposes only