The ACCESS 45Q Act Would Enhance Section 45Q Carbon Capture and Sequestration Tax Credit | USA
On December 3, 2020, U.S. Representatives Marc Veasey (D-TX) and David B. McKinley (R-W.Va) introduced bi... On December 3, 2020, U.S. Representatives Marc Veasey (D-TX) and David B. McKinley (R-W.Va) introduced bipartisan legislation entitled the Accelerating Carbon Capture and Extending Secure Storage through 45Q Act (the “ ACCESS 45Q Act”) as H.R. 8858. The bill is designed to incentivize investment in carbon capture, utilization and storage (" CCUS"), and was co-sponsored by several other representatives, including Lizzie Fletcher (D-TX). Internal Revenue Code sect...
Source: iclg.com