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H.R. 2633

To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon oxide sequestration.

This bill modifies the tax credit for carbon oxide sequestration. It increases the applicable dollar amount of such credit, repeals the placed-in-service deadline, expands the types of facilities to which the credit applies, and extends the credit period from 12 to 20 years.

Referred to the House Committee on Ways and Means.

Rep. Schweikert, David [R-AZ-6](R-AZ)Sponsor
2 cosponsors2 R
2cosponsors1committees3actions4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon ox… — Informed