S-4966 : Still Just a Bill

45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020

This bill extends the tax credi for carbon oxide sequestration through 2028 and allows taxpayers an election to receive payments in lieu of the credit and the credit for qualifying advanced coal projects.

Action Timeline

Action DateTypeTextSource
2020-12-07IntroReferralRead twice and referred to the Committee on Finance.Senate
2020-12-07IntroReferralIntroduced in SenateLibrary of Congress