Bill Sponsor
Senate Bill 1829
117th Congress(2021-2022)
Carbon Capture Improvement Act of 2021
Introduced
Introduced
Introduced in Senate on May 26, 2021
Overview
Text
Introduced
May 26, 2021
Latest Action
May 26, 2021
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
1829
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
Democrat
Colorado
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Carbon Capture Improvement Act of 2021

This bill authorizes the issuance of tax-exempt facility bonds for the financing of qualified carbon dioxide capture facilities.

A qualified carbon dioxide capture facility is any equipment installed in an industrial carbon dioxide facility that satisfies specified capture and storage requirements and (1) is used for the capture, treatment and purification, compression, transportation, or on-site storage of carbon dioxide produced by the industrial carbon dioxide facility; or (2) is integral or functionally related and subordinate to a gasification process that converts a product from coal, petroleum residue, biomass, or other materials that are recovered for their energy or feedstock value into a synthesis gas composed primarily of carbon dioxide and hydrogen for direct use or subsequent chemical or physical conversion.

Text (1)
Actions (2)
05/26/2021
Read twice and referred to the Committee on Finance.
05/26/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:50:02 PM