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HR 2633 United States House · 117th Congress

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

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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for carbon sequestration, increasing fiscal incentives for environmental projects through tax code amendments.95% confidence ✓ EnergySupports EnergyBill increases tax credits for carbon sequestration, promoting cleaner fossil fuel use and reducing emissions through expanded incentives for carbon capture infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentBill expands tax credit for carbon sequestration, incentivizing emission reduction technologies to combat climate change.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 16, 2021 Last action Apr 16, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Apr 16, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Apr 16, 2021
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Schweikert
David Schweikert
RRepublican
AZ
1
Co
Photo of Brad R. Wenstrup
Brad R. Wenstrup
RRepublican
OH
2
Co
Photo of Carol D. Miller
Carol D. Miller
RRepublican
WV
1