H.R.5883

            I 

116TH CONGRESS 
2D SESSION H. R. 5883 

To amend the Internal Revenue Code of 1986 to provide for an increased 
credit for carbon oxide sequestration for direct air capture facilities, 
and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 12, 2020 
Mr. SCHWEIKERT (for himself and Mr. WENSTRUP) introduced the following 

bill; which was referred to the Committee on Ways and Means 

A BILL 
To amend the Internal Revenue Code of 1986 to provide 

for an increased credit for carbon oxide sequestration 
for direct air capture facilities, and for other purposes. 

Be it enacted by the Senate and House of Representa-1

tives of the United States of America in Congress assembled, 2

SECTION 1. INCREASE IN CREDIT FOR CARBON OXIDE SE-3

QUESTRATION FOR DIRECT AIR CAPTURE FA-4

CILITIES. 5

(a) INCREASE IN APPLICABLE DOLLAR AMOUNT FOR 6

DIRECT AIR CAPTURE FACILITIES.—Section 7

45Q(b)(1)(A) of the Internal Revenue Code of 1986 is 8

amended— 9

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2 

•HR 5883 IH

(1) in clause (i)(I) and (ii)(I), by inserting 1

‘‘($62.50 in the case of a direct air capture facility)’’ 2

after ‘‘$50’’, and 3

(2) in clause (i)(II) and (ii)(II), by inserting 4

‘‘($43.75 in the case of a direct air capture facility)’’ 5

after ‘‘$35’’. 6

(b) REPEAL OF PLACED-IN-SERVICE DEADLINE; DE-7

CREASE IN CAPTURE REQUIREMENTS FOR DIRECT AIR 8

CAPTURE FACILITIES.—Section 45Q(d) of the Internal 9

Revenue Code of 1986 is amended to read as follows: 10

‘‘(d) QUALIFIED FACILITY.—For purposes of this 11

section, the term ‘qualified facility’ means any industrial 12

facility or direct air capture facility which captures— 13

‘‘(1) in the case of a facility which emits not 14

more than 500,000 metric tons of carbon oxide into 15

the atmosphere during the taxable year, not less 16

than 25,000 metric tons of qualified carbon oxide 17

during the taxable year which is utilized in a manner 18

described in subsection (f)(5), 19

‘‘(2) in the case of an electricity generating fa-20

cility which is not described in subparagraph (A), 21

not less than 500,000 metric tons of qualified car-22

bon oxide during the taxable year, or 23

‘‘(3) in the case of a direct air capture facility 24

or any facility not described in subparagraph (A) or 25

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3 

•HR 5883 IH

(B), not less than 50,000 metric tons of qualified 1

carbon oxide during the taxable year.’’. 2

(c) EFFECTIVE DATE.—The amendments made by 3

this section shall apply to taxable years beginning after 4

December 31, 2020. 5

Æ 

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		Superintendent of Documents
	2020-02-20T09:46:15-0500
	US GPO, Washington, DC 20401
	Superintendent of Documents
	GPO attests that this document has not been altered since it was disseminated by GPO