45Q Repeal Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1946 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1946 To amend the Internal Revenue Code of 1986 to repeal the carbon oxide sequestration credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 6, 2025 Mr. Perry (for himself and Mr. Khanna) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to repeal the carbon oxide sequestration credit. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``45Q Repeal Act of 2025''. SEC. 2. REPEAL OF CARBON OXIDE SEQUESTRATION CREDIT. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by repealing section 45Q and by striking the item relating to such section from the table of sections for such subpart. (b) Conforming Amendments.-- (1) Section 38(b…