- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Mar 6, 2025
What it does
The 45Q Repeal Act of 2025 would eliminate the federal tax credit for carbon oxide sequestration (section 45Q of the Internal Revenue Code), which currently incentivizes companies to capture and store carbon dioxide emissions. The bill affects businesses and industries that rely on this credit, including those involved in carbon capture, utilization, and storage (CCUS) projects, by removing the tax benefit starting in taxable years after December 31, 2025. It also includes numerous conforming amendments to other tax provisions that reference or interact with section 45Q, updating or removing those references to reflect the repeal while preserving certain definitions and rules as they…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.