What is the official ID of this bill?

The official print number for this legislation is HR 2633.

When did the legislative process begin?

The process officially started on 2021-04-16.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr2633/BILLS-117hr2633ih.htm

Is this summary verified?

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

Who is the primary sponsor?

The primary sponsor is Rep. Schweikert, David [R-AZ-6].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

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

Analysis and Potential Impact of HR 2633

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Increased Tax Credits for Carbon Capture and Sequestration

Q: What are the main provisions?

Key points include: Increased tax credit amounts for each ton of carbon dioxide captured. Removal of the 'placed-in-service' deadline, giving companies more time to implement projects. Expansion of eligible facility types to include industrial facilities and direct air capture facilities. Extension of the credit period from 12 to 20 years.

This bill increases and expands tax credits for companies that capture carbon dioxide from the atmosphere or their facilities. This aims to encourage investment in technologies that reduce greenhouse gas emissions, potentially impacting air quality, the environment, and future energy costs.

Key points

Increased tax credit amounts for each ton of carbon dioxide captured.

Removal of the 'placed-in-service' deadline, giving companies more time to implement projects.

Expansion of eligible facility types to include industrial facilities and direct air capture facilities.

Extension of the credit period from 12 to 20 years.

article Official text account_balance Process page notifications_active Track this Bill

gavel

Status:

Expired

Record your position for audit.

Why does your vote on bills matter?

It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.

Additional Information

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

Print number: HR 2633

Sponsor: Rep. Schweikert, David [R-AZ-6]

Process start date: 2021-04-16

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

Increased Tax Credits for Carbon Capture and Sequestration

Key Questions about Increased Tax Credits for Carbon Capture and Sequestration