Changes to Tax Credits for Carbon Capture
This bill changes the rules for tax credits given to companies that capture carbon dioxide. It extends the availability of the credit, makes it easier for smaller facilities to qualify, and significantly increases the credit amount for technologies that capture carbon directly from the air.
Key points
Extends the carbon capture tax credit until 2032.
Lowers the required carbon capture threshold for certain facilities.
Significantly increases the credit amount for direct air carbon capture technology.
Expired
Citizen Poll