Bill Sponsor
House Bill 2633
117th Congress(2021-2022)
To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon oxide sequestration.
Introduced
Introduced
Introduced in House on Apr 16, 2021
Overview
Text
Introduced
Apr 16, 2021
Latest Action
Apr 16, 2021
Origin Chamber
House
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
2633
Congress
117
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.
Sponsorship by Party
Republican
Arizona
Republican
West Virginia
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
April 16, 2021
Actions (2)
04/16/2021
Referred to the House Committee on Ways and Means.
04/16/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:43 PM