Carbon Capture Tax Credit Extension and Changes
This bill extends the deadline for starting construction of facilities that capture carbon dioxide to qualify for a tax credit. It also changes the minimum amounts of carbon dioxide these facilities must capture to be eligible for the credit. The goal is to encourage technology that reduces greenhouse gas emissions.
Key points
Deadline for starting construction of carbon capture facilities to get tax credit extended to 2032.
New rules set minimum amounts of carbon dioxide that different types of facilities must capture to receive the tax credit.
Expired
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