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45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020
Legislative Progress
Introduced
December 7, 2020
Latest Action
December 7, 2020
Primary Sponsor
Shelley Moore CapitoRepublican(WV)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 5,086 other S bills in the 116th — cohort avg 30d
45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020 This bill extends the tax credi for carbon oxide sequestration through 2028 and allows taxpayers an election to receive payments in lieu of the credit and the credit for qualifying advanced coal projects.
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Filing registrants (5)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
S. 4966: 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020: all provisions of the bill.
Client expense: $1,130,000 · 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 Security Council (NSC), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2020 · fourth_quarter · Energy/Nuclear
Issues pertaining to DOE's Advanced Reactor Demonstration Program. S.4966, the 45Q Carbon Capture, Utilization and Storage Tax Credit Amendments Act.
Client expense: $110,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Energy/Nuclear
Energy innovation, including advanced nuclear, energy efficiency, energy storage, direct air capture, carbon dioxide removal, carbon capture, geothermal, renewable energy, carbon utilization and storage, modernized electricity markets, energy infrastructure Department of Energy reforms ARPA-E reform and reauthorization Clean energy tax credits Agriculture and forest natural carbon solutions S. 903 and H.R. 3306, the Nuclear Energy Leadership Act S. 383 and H.R. 1166, Utilizing Significant Emissions with Innovative Technologies (USE IT) Act H.R. 34, Energy and Water Research Integration Act S. 1201, the Enhancing Fossil Fuel Energy Carbon Technology Act H.R. 3607, the Fossil Energy Research and Development Act S. 1602 and H.R. 2986, the Better Energy Storage Technologies Act S. 1685, the Launching Energy Advancement and Development through Innovations for Natural Gas Act S. 1841 and H.R.3249, Financing Our Energy Future Act S. 1857, the Federal Energy and Water Management Performance Act S. 1706 and H.R. 3079, Energy Savings Through Public-Private Partnerships Act S. 2005 and H.R. 3575, IMPACT for Energy Act S. 2714 and H.R. 4091, the ARPA-E Reauthorization Act H.R. 3915, the ARPA-E Reauthorization and Reform Act of 2019 S.2137 and H.R. 3962, the Energy Savings and Industrial Competitiveness Act H.R. 3597, the Solar Energy Research and Development Act H.R. 3978, H.R. 4230, S. 2300, the Clean Industrial Technologies Act S.2660 and H.R. 3609, the Wind Energy Research and Development Act H.R. 5428, Grid Modernization Research and Development Act of 2019 H.R.5374, the Advanced Geothermal Research and Development Act S. 2688, the Technology Transitions Act of 2019 H.R.5523, Energy Sector Innovation Credit Act H.R. 6084, the Water Power Research and Development Act H.R. 6097, Nuclear Energy Research and Development Act S.2657, the American Energy Innovation Act H.R.5965, the Leveraging our National Labs to Develop Tomorrows Technology Leaders Act S.3894, Growing Climate Solutions Act S.4038, the TREE Act HR.8273, Energizing Technology Transfer Act S. 4451, Rural Forests Markets Act S.4357, HR 7843, Repairing Existing Public Lands by Adding Necessary Trees Act S. 4343, CREATE Act HR. 1865 H.R. 4447, Clean Economy Jobs Act H.R. 8273 and S. 4725, Energizing Technology Transfer Act S. 4966, 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act H.R.8462, Flood Resiliency and Taxpayer Savings Act
Client expense: $580,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
HR 2 - INVEST in America Act (tax provisions) H.R. 7330 the GREEN Act H.R. 5523 - the Energy Sector Innovation Credit Act (ESIC) Issues related to grid modernization and tax credits for improvements to the electric grid and storage. S. 407/H.R.1796 - The Carbon Capture Modernization Act, dealing with Section 48A investment tax credits for advanced coal-based generation technology. H.R. 2256/S.1094 - Drive America Forward Act the bill expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles. Issues related to the Investment Tax Credits 48 and 25D. H.R.3961/S.2289 - Renewable Energy Extension Act of 2019 Extension of Investment Tax Credits 48 and 25D H.R. 2704 Renewable Energy Transferability Act - allows for the transferability of tax credits. S. 3032 Renewable Energy Transferability of Act - allows for the transferability of tax credits for electric cooperatives. S.4966 - 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020 Draft legislation intended to incentivize broadband infrastructure buildout via tax credits.
Client expense: $460,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 133, the Consolidated Appropriations Act of 2021 (Public Law 116-260), Division EE- The Taxpayer Certainty and Disaster Tax Relief Act of 2020, specifically with regard to energy tax credit extensions. S. 1142/H.R. 2096, the Energy Storage Tax Incentive and Deployment Act, to clarify the existing investment tax credit to include energy storage technologies. S. 4966, the 45Q Carbon Capture Utilization and Storage Tax Credit Amendments Act to provide a five-year extension of the 45Q tax credit. S. 1988/H.R. 4887, the Incentivizing Offshore Wind Power Act to extend the offshore wind tax credit. Draft Senate bill, the Energy Sector Innovation Credit (ESIC) Act, which is a technology-neutral tax framework to promote clean energy technology with the tax credit phasing down when the technology proves commercial viability.
Client expense: $470,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Republican |
| ND |
| Joni Ernst | Republican | IA |
| Kevin Cramer | Republican | ND |
| Richard J. Durbin | Democratic | IL |
| Sheldon Whitehouse | Democratic | RI |
| Tina Smith | Democratic | MN |