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End of Tax Credits for Carbon Capture and Storage

This bill aims to eliminate tax credits for companies involved in carbon capture and storage. This means businesses will no longer receive financial support for these activities, which may influence their investment decisions in emission reduction technologies. The changes will take effect from 2026.
Key points
Repeal of the 45Q tax credit for carbon oxide sequestration.
Companies will no longer receive financial incentives for investing in CO2 emission reduction technologies.
Changes will apply to tax years beginning after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1946
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2025-03-06
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

45Q Repeal Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1946.

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 2025-03-06.

What are the main provisions?

Key points include:

  • Repeal of the 45Q tax credit for carbon oxide sequestration.
  • Companies will no longer receive financial incentives for investing in CO2 emission reduction technologies.
  • Changes will apply to tax years beginning after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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. Perry, Scott [R-PA-10].

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 2025-12-22.

CATEGORIES

Taxes Environment Economy