HR 5156
Carbon Capture and Sequestration Extension Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill extends a tax credit for companies that capture and store carbon dioxide (carbon capture and sequestration). Specifically, it extends the existing credit for one year, pushing the deadline from January 1, 2024, to January 1, 2025. The extension aims to encourage investment in technologies that reduce carbon emissions from industrial sources. This legislation focuses solely on extending this particular tax incentive.
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