HR 8858
Access 45q act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the ACCESS 45Q Act, extends the existing tax credit for companies that capture and store carbon dioxide (carbon capture) through 2033. It also introduces a new option for taxpayers to receive a direct payment from the government instead of claiming the tax credit. This change aims to incentivize further investment in carbon capture technologies and projects. The bill clarifies how these payments would be treated for tax purposes.
Sponsors
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Primary sponsor
David B. McKinley
Cosponsors
Alexander X. Mooney
Cheri Bustos
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