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.

2/8/2022, 11:17 PM

Congressional Summary of HR 5883

This bill provides for an increased carbon oxide sequestration tax credit for direct air capture facilities.

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Current Status of Bill HR 5883

Bill HR 5883 is currently in the status of Bill Introduced since February 12, 2020. Bill HR 5883 was introduced during Congress 116 and was introduced to the House on February 12, 2020. Bill HR 5883's most recent activity was Referred to the House Committee on Ways and Means. as of February 12, 2020

Bipartisan Support of Bill HR 5883

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5883

Primary Policy Focus

Taxation

Potential Impact Areas

- Air quality

- Climate change and greenhouse gases

- Income tax credits

- Industrial facilities

Alternate Title(s) of Bill HR 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.