H.R.2011 - Carbon Capture Improvement Act of 2017115th Congress (2017-2018)
|Sponsor:||Rep. Curbelo, Carlos [R-FL-26] (Introduced 04/06/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 04/06/2017 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2011 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (04/06/2017)
Carbon Capture Improvement Act of 2017
This bill amends the Internal Revenue Code to authorize the issuance of tax-exempt facility bonds for the financing of qualified carbon dioxide capture facilities.
A "qualified carbon dioxide capture facility" is any equipment installed in an industrial carbon dioxide facility that satisfies specified capture and storage requirements and: (1) is used for the capture, treatment and purification, compression, transportation, or on-site storage of carbon dioxide produced by the industrial carbon dioxide facility; or (2) is integral or functionally related and subordinate to a gasification process that converts a product from coal, petroleum residue, biomass, or other materials which are recovered for their energy or feedstock value into a synthesis gas composed primarily of carbon dioxide and hydrogen for direct use or subsequent chemical or physical conversion.