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Tax Relief for Carbon Capture Technologies

This act aims to lower the financing costs for projects related to capturing carbon dioxide from the air and industrial sources. This will make it easier for companies to invest in technologies that help protect the environment. Citizens may experience indirect benefits in the form of cleaner air and support for innovative technologies in the USA.
Key points
Introduces the possibility of financing carbon dioxide capture projects with tax-exempt bonds, reducing investment costs.
Applies to both industrial installations and direct air capture technologies.
The goal is to accelerate the deployment of these technologies to protect the environment and support the economy.
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Expired
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Additional Information
Print number: 117_HR_4408
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2021-07-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Carbon Capture Improvement Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4408.

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 2021-07-13.

What are the main provisions?

Key points include:

  • Introduces the possibility of financing carbon dioxide capture projects with tax-exempt bonds, reducing investment costs.
  • Applies to both industrial installations and direct air capture technologies.
  • The goal is to accelerate the deployment of these technologies to protect the environment and support the economy.
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. Burchett, Tim [R-TN-2].

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 2025-12-28.

CATEGORIES

Taxes Environment Economy