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HR 9121 United States House · 117th Congress

Qualified Agricultural Carbon Sequestration Act of 2022

Summary
Qualified Agricultural Carbon Sequestration Act of 2022 This bill allows certain qualified applicants (i.e., farms) a new tax credit for the abatement and sequestration of carbon dioxide emissions related to certain agricultural activities. The bill requires the Department of the Treasury to establish a qualified agricultural carbon sequestration and abatement program to consider and award certifications for farms eligible for the credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates new tax credit for agricultural carbon sequestration, providing tax relief to farms, directly aligning with tax relief indicator under Budget & Taxes.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credit for agricultural carbon sequestration, directly reducing emissions and advancing climate protection through incentivized environmental practices.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 30, 2022 Last action Sep 30, 2022
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 30, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
Sep 30, 2022
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tim Ryan
Tim Ryan
DDemocratic
OH
13