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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.
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Status: Introduced
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Additional Information
Print number: 119_HR_1946
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2025-03-06