HR 3538
Coordinated Action To Capture Harmful Emissions Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Coordinated Action To Capture Harmful Emissions Act, aims to incentivize carbon capture technology by increasing the tax credit available to businesses that capture carbon oxide emissions. Specifically, it raises the amount of the credit that companies can claim, adjusting for inflation. The bill focuses on enhancing the existing carbon oxide sequestration credit under the Internal Revenue Code. These changes are designed to encourage investment in and deployment of carbon capture facilities.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Tim Ryan
Cosponsors
Anthony Gonzalez
Cheri Bustos
David B. McKinley
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