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A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit.
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 3,548 other S bills in the 114th — cohort avg 43d
This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon dioxide for the purpose of the tax credit for carbon dioxide sequestration. The bill establishes a December 31, 2016, deadline and requirements for regulations that the Internal Revenue Service (IRS) is required, under current law, to establish for determining adequate security measures for the geological storage of the carbon dioxide such that carbon dioxide does not escape into the atmosphere. The IRS regulations must consider the carbon dioxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the Environmental Protection Agency under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon dioxide, the injection of carbon dioxide, and the criteria and standards for underground injection control programs that are applicable to Class II Wells.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2017 · second_quarter · Taxation/Internal Revenue Code
HR 2010: CO2 Regulatory Certainty Act; provisions related to revenue and funding S. 3459 (114th Congress): A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit; provisions related to revenue and funding Discussions related to House Ways and Means Committee Tax Blueprint; all corporate provisions Discussions related to revenue and funding proposals; provisions related to revenue and funding, comprehensive and territorial system Discussions related to Internal Revenue Code (26 U.S.C. 45Q) credit for carbon dioxide sequestration Discussions related to Treasury Regulations 987 and 901(m); provisions related to revenue and funding General discussions related to tax reform
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Client expense: $2,630,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), U.S. Trade Representative (USTR), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
Draft legislation modifying the 45Q tax credit; H. Res. 818, "FAA Extension, Safety, and Security Act of 2016", provisions related to energy tax extenders; H.R. 4622, "Carbon Capture Act", all provisions; H.R. 6295, "CO2 Regulatory Certainty Act", all provisions; S. 3459, all provisions.
Client expense: Not reported · Firm income: $110,000
Government targets: Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Energy/Nuclear
Carbon Storage Legislation and agency action on CCS and EOR; Draft legislation regarding enhance oil recovery; International EOR standards negotiations; legislation related to implementation of the Clean Power Plan rules; H. Res. 818, "FAA Extension, Safety, and Security Act of 2016", provisions related to energy tax extenders; H.R. 4622, "Carbon Capture Act", all provisions; H.R. 6295, "CO2 Regulatory Certainty Act", all provisions; S. 3459, all provisions.
Client expense: Not reported · Firm income: $110,000
Government targets: Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Carbon Tax Proposals, House and Senate Section 45Q of IRS Code, related to Carbon Capture and Storage Credits Corporate Tax Reform Proposals, House and Senate Percentage Depletion in Tax Packages HR 636, FAA Reauthorization, Senate amendment and vote on House bill HR 4622, Carbon Capture Act, All titles S 3179, Carbon Capture Utilization and Storage Act, All titles S 3459, A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit
Client expense: $220,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Energy Tax Incentives, including S. 3179, Carbon Capture Utilization and Storage Act, S. 3459, Bill to amend the Internal Revenue Code of 1986 to enhance the requirements forsecure geological storage of carbon dioxide for purposes of the carbon dioxidesequestration credit, and H.R. 6295, Bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Energy/Nuclear
Carbon Storage Legislation and agency action on CCS and EOR; Draft legislation regarding enhance oil recovery; International EOR standards negotiations; legislation related to implementation of the Clean Power Plan rules; H. Res. 818, "FAA Extension, Safety, and Security Act of 2016", provisions related to energy tax extenders; H.R. 4622, "Carbon Capture Act", all provisions; H.R. 6295, "CO2 Regulatory Certainty Act", all provisions; S. 3459, all provisions.
Client expense: Not reported · Firm income: $120,000
Government targets: Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Draft legislation modifying the 45Q tax credit; H. Res. 818, "FAA Extension, Safety, and Security Act of 2016", provisions related to energy tax extenders; H.R. 4622, "Carbon Capture Act", all provisions; H.R. 6295, "CO2 Regulatory Certainty Act", all provisions; S. 3459, all provisions.
Client expense: Not reported · Firm income: $120,000
Government targets: Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Carbon Tax Proposals, House and Senate Section 45Q of IRS Code, related to Carbon Capture and Storage Credits Corporate Tax Reform Proposals, House and Senate Percentage Depletion in Tax Packages HR 636, FAA Reauthorization, Senate amendment and vote on House bill HR 4622, Carbon Capture Act, All titles S 3179, Carbon Capture Utilization and Storage Act, All titles S 3459, A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit
Client expense: $220,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Energy Tax Incentives, including S. 3179, Carbon Capture Utilization and Storage Act, S. 3459, Bill to amend the Internal Revenue Code of 1986 to enhance the requirements forsecure geological storage of carbon dioxide for purposes of the carbon dioxidesequestration credit, and H.R. 6295, Bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon dioxide for purposes of the carbon dioxide sequestration credit
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE