Carbon Resource Innovation Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3778 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3778 To amend the Internal Revenue Code of 1986 to expand the carbon oxide sequestration credit to include solid or liquid carbon capture facilities. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 4, 2026 Mr. Sheehy (for himself and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand the carbon oxide sequestration credit to include solid or liquid carbon capture facilities. 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 ``Carbon Resource Innovation Act''. SEC. 2. EXPANSION OF CARBON OXIDE SEQUESTRATION CREDIT TO INCLUDE SOLID OR LIQUID CARBON CAPTURE FACILITIES. (a) In General.--Section 45Q of the Internal Revenue Code of 1986 is amended-- (1) in subsection (…