Senate Bill 4966
116th Congress(2019-2020)
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020
Introduced
Introduced in Senate on Dec 7, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4966
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
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.
December 7, 2020
12/07/2020
Read twice and referred to the Committee on Finance.
12/07/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:43:50 PM