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A bill to amend the Internal Revenue Code of 1986 to enhance the carbon oxide sequestration credit.

12/31/2022, 5:26 AM

Congressional Summary of S 2230

This bill increases the applicable dollar amount of the carbon oxide sequestration tax credit for taxable years after 2021.

Current Status of Bill S 2230

Bill S 2230 is currently in the status of Bill Introduced since June 24, 2021. Bill S 2230 was introduced during Congress 117 and was introduced to the Senate on June 24, 2021.  Bill S 2230's most recent activity was Read twice and referred to the Committee on Finance. as of June 24, 2021

Bipartisan Support of Bill S 2230

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
10
Democrat Cosponsors
4
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2230

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2230

A bill to amend the Internal Revenue Code of 1986 to enhance the carbon oxide sequestration credit.
A bill to amend the Internal Revenue Code of 1986 to enhance the carbon oxide sequestration credit.

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