February 3, 2016
The Honorable Kevin Brady
The Honorable Sander Levin
U.S. House Committee on Ways and Means Washington, DC 20515
Dear Chairman Brady and Ranking Member Levin:
On behalf of the undersigned member companies and organizations, we request that Congress include a permanent extension of the Section 45Q Tax Credit for Carbon Dioxide Sequestration in a technical corrections act or other appropriate legislation. Section 45Q provides a per ton tax credit for the storage of carbon dioxide (CO2) through the use of enhanced oil recovery (EOR) and is the most important benefit in the tax code for incentivizing carbon capture utilization and storage (CCUS) at power plants and industrial facilities. Continue reading »