118th Congress · HOUSE BILLBILL

H.R. 1262 — CCU Parity Act of 2023

“To amend the Internal Revenue Code of 1986 to increase the applicable dollar amount for qualified carbon oxide which is captured and utilized for purposes of the carbon oxide sequestration credit.”

Taxation

Introduced Feb 28, 2023

Last action Feb 28, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 28, 2023

Step 2

Referred

Feb 28, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases the tax credit for carbon capture and use to match incentives for carbon capture and sequestration for both direct air capture and the power and industrial sectors.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Feb 28, 2023

Introduced in House

Feb 28, 2023

Referred to the House Committee on Ways and Means.