HR 1262
CCU Parity Act of 2023
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Bill overview
The CCU Parity Act of 2023 aims to level the playing field for carbon capture technologies by increasing the tax credits available for capturing and using carbon dioxide (CO2). Specifically, it raises the amount of CO2 that qualifies for the credit, making it more attractive for both direct air capture and carbon capture used in power and industrial sectors. This legislation seeks to incentivize investment and deployment of these technologies to help reduce carbon emissions.
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