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Changes to Tax Credits for Carbon Capture Technologies

This act modifies the rules for tax credits related to advanced coal projects, including carbon capture technologies. The goal is to support investments in cleaner energy technologies, potentially impacting energy costs and industrial development.
Key points
Carbon sequestration requirements for certain equipment have been changed, potentially making it easier to qualify for credits.
The minimum power generation capacity requirement for plants has been lowered, opening up credits to smaller projects.
Rules for advanced coal-based generation technology have been simplified, which may accelerate their implementation.
New rules for reallocating unused tax credits have been introduced, increasing program flexibility.
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Additional Information
Print number: 117_HR_1760
Sponsor: Rep. McKinley, David B. [R-WV-1]
Process start date: 2021-03-10
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Carbon Capture Modernization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1760.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-10.

What are the main provisions?

Key points include:

  • Carbon sequestration requirements for certain equipment have been changed, potentially making it easier to qualify for credits.
  • The minimum power generation capacity requirement for plants has been lowered, opening up credits to smaller projects.
  • Rules for advanced coal-based generation technology have been simplified, which may accelerate their implementation.
  • New rules for reallocating unused tax credits have been introduced, increasing program flexibility.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McKinley, David B. [R-WV-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Environment Economy