Before & After: How the FUTURE Act Reformed the 45Q Carbon Capture and Storage Tax Credit

March 5, 2018 in Carbon Management Author: Jennifer Christensen

As part of a larger budget bill earlier this year, Congress passed legislation to expand and reform a key tax credit called 45Q for deployment of carbon capture and storage projects in the United States. The legislation, introduced in 2017 as the FUTURE Act, received broad bipartisan support in Congress and was supported by state leaders and by an unprecedented coalition called the Carbon Capture Coalition. Continue reading »

With Bipartisan Bill Introduction in the U.S. House, Support Broadens for Key Carbon Capture Incentive

September 22, 2017 in Carbon Management Author: Jennifer Christensen

The bipartisan support for carbon capture is strengthening with the introduction of legislation in the U.S. House to extend and reform the 45Q carbon dioxide sequestration tax credit. The bill, titled the Carbon Capture Act, would establish a performance-based incentive to capture, use, and permanently store carbon dioxide. Continue reading »