Enhanced Energy Recovery Act

Carbon dioxide (CO2) supply chain and carbon capture issues; implementation of the Inflation Reduction Act section 45Q regarding CO2 sequestration; Carbon Capture Utilization Parity Act; Enhanced Energy Recovery Act (S. 5212); lifecycle analysis of carbon dioxide utilization; implementation of Section 70522 of budget reconciliation in the One Big Beautiful Bill Act (Public Law 119-21).

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Discussed opposition to potential legislation to amend, in whole or in part, 26 USC 6817, elective payment of energy tax credits. Discussed opposition to potential legislation to amend, in whole or in part, 26 USC 103, tax exemption for municipal bonds. Discussed opposition to potential budget reconciliation legislative recommendations pursuant to H.Con.Res. 14 to amend, in whole or in part, 26 USC 103, tax exemption for municipal bonds. Discussed opposition to potential budget reconciliation legislative recommendations pursuant to H.Con.Res. 14 to amend, in whole or in part, 26 USC 6817, elective payment of energy tax credits. Discussed support for striking section 70512(f), Elimination of Exception from Phaseout for Elective Payment, from the Senate Finance Committee budget reconciliation legislative recommendations pursuant to H.Con.Res. 14 (concurrent resolution on the budget for fiscal year 2025). Discussed opposition to Senate Finance Committee budget reconciliation legislative recommendations pursuant to H.Con.Res. 14 (concurrent resolution on the budget for fiscal year 2025) section 70513(b) (restrictions relating to prohibited foreign entities) provision requiring publicly held debt to be tested for ownership by specified foreign entities. Discussed opposition to H.R. 1, section 70513(b) (restrictions relating to prohibited foreign entities) as passed by the House, provision requiring publicly held debt to be tested for ownership by specified foreign entities. Discussed opposition to section 70512(f), Termination for Wind and Solar Facilities, ending the production tax credits for projects placed in service after 2027, and section 70513(a), Termination for Wind and Solar Facilities, ending the production tax credits for projects placed in service after 2027, in Senate amendment 2360, (the Senate Budget Committee Amendment to H.R. 1). Discussed support for striking section 70512(f), Elimination of Exception from Phaseout for Elective Payment, from Senate amendment 2360, (the Senate Budget Committee Amendment to H.R. 1). Discussed Elective Pay Blueprint APPA developed for APPA members to guide them on energy tax credits. Discussed support for S. 1481, the LOCAL Infrastructure Act, to reinstate advance refunding bonds. Discussed support for S. 5212, the Enhanced Energy Recovery Act, provisions ensuring tax credits for expanding carbon capture are available via elective payment.

Client expense: $270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Carbon dioxide (CO2) supply chain and carbon capture issues; implementation of the Inflation Reduction Act section 45Q regarding CO2 sequestration; Carbon Capture Utilization Parity Act; Enhanced Energy Recovery Act (S. 5212); lifecycle analysis of carbon dioxide utilization; Section 70522 of budget reconciliation in the One Big Beautiful Bill Act (Public Law 119-21).

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE