,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bjaa  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #f1 #bjag,mr4  
,curbelo ( ,florida 7= himself & ,mr4   
,veasey7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide = ! issuance (
 exempt facility bonds = qualifi$ c>bon 
dioxide capture facilities4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,c>bon  
,capture ,improvem5t ,act ( #bjag4  #b4 
,f9d+s ,congress f9ds ! foll[+3  7#a7   
,capture & long-t]m /orage ( c>bon      
dioxide f coal1 natural gas1 &          
biomass-fir$ p[] plants1 z well z f     
indu/rial sectors su* z oil ref9+ &     
production ( f]tiliz]1 cem5t1 & e?anol1 
c help protect ! environm5t :ile improv+
 ! economy & national security ( !      
,unit$ ,/ates4  7#b7 ,! ,unit$ ,/ates is
 a _w lead] 9 ! field ( c>bon dioxide   
capture & long-t]m /orage1 z well z !   
b5eficial use ( c>bon dioxide 9 enhanc$ 
oil recov]y op]ations1 ) _m manufactur]s

 & lic5sors ( c>bon dioxide capture     
te*nology bas$ 9 ! ,unit$ ,/ates4  7#c7 
,:ile ! prospects = l>ge-scale c>bon    
capture 9 ! ,unit$ ,/ates are promis+1  
co/s rema9 relatively high4 ,l[]+ !     
f9anc+ co/s = c>bon dioxide capture     
projects w\ld accel]ate ! deploym5t (   
?is te*nology1 & if ! captur$ c>bon     
dioxide is subsequ5tly sold = indu/rial 
use1 su* z = use 9 enhanc$ oil recov]y  
op]ations1 ! economic prospects are     
fur!r improv$4  7#d7 ,s9ce #aifh1       
tax-exempt private activity bonds h be5 
us$ to provide access to l[]-co/ f9anc+ 
= private bus9esses t are pur*as+ new   
capital equipm5t = c]ta9 specifi$       
environm5tal facilities1 includ+        
facilities t r$uce1 recycle1 or dispose 
( wa/e1 pollutants1 & haz>d\s sub/ances4
  7#e7 ,all[+ tax-exempt f9anc+ = !     
pur*ase ( capital equipm5t t is us$ to  
capture c>bon dioxide w r$uce ! co/s (  
develop+ c>bon dioxide capture projects1
 accel]ate _! deploym5t1 &1 9           
conjunction ) c>bon dioxide utilization 

& long-t]m /orage1 help ! ,unit$ ,/ates 
meet critical environm5tal1 economic1 & 
national security goals4  #c4 ,c>bon    
dioxide capture facilities  7a7 ,9 g5]al
 ,section #adb ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$-- 7#a7 9         
subsection 7a7--  7,a7 9 p>agraph 7#ad71
 by /rik+ or at ! end1  7,b7 9 p>agraph 
7#ae71 by /rik+ ! p]iod at ! end &      
ins]t+ 1 or1 &  7,c7 by add+ at ! end ! 
foll[+ new p>agraph3  7#af7 qualifi$    
c>bon dioxide capture facilities4  1 &  
7#b7 by add+ at ! end ! foll[+ new      
subsection3  7n7 ,qualifi$ c>bon dioxide
 capture facility  7#a7 ,9 g5]al ,=     
purposes ( subsection 7a77#af71 ! t]m   
qualifi$ c>bon dioxide capture facility 
means ! eligible compon5ts ( an         
indu/rial c>bon dioxide facility4  7#b7 
,def9itions ,9 ?is subsection3 7,a7     
,eligible compon5t  7i7 ,9 g5]al ,! t]m 
eligible compon5t means any equipm5t    
in/all$ 9 an indu/rial c>bon dioxide    
facility t satisfies ! requirem5ts "u   
p>agraph 7#c7 & is--  7,i7 us$ = !      

purpose ( capture1 treatm5t &           
purification1 compression1              
transportation1 or on-site /orage (     
c>bon dioxide produc$ by ! indu/rial    
c>bon dioxide facility1 or  7,,ii7      
integral or functionally relat$ &       
subord9ate to a process describ$ 9      
section #dh;,b7c77#b71 det]m9$ by       
sub/itut+ c>bon dioxide = c>bon monoxide
 9 su* section4  7,b7 ,indu/rial c>bon  
dioxide facility  7i7 ,9 g5]al ,except z
 provid$ 9 clause 7ii71 ! t]m indu/rial 
c>bon dioxide facility means a facility 
t emits c>bon dioxide 7includ+ f any    
fugitive emissions s\rce7 t is creat$ z 
a result ( any ( ! foll[+ processes3    
7,i7 ,fuel combu/ion4  7,,ii7           
,gasification4  7,,iii7 ,bio9du/rial4   
7,,iv7 ,f]m5tation4  7,v7 ,any          
manufactur+ indu/ry describ$ 9 section  
#dh;,b7c77#g74  7ii7 ,exceptions ,=     
purposes ( clause 7i71 an indu/rial     
c>bon dioxide facility %all n include-- 
7,i7 any geological gas facility 7z     
def9$ 9 clause 7iii771 or  7,,ii7 any   

air sep>ation unit t--  7aa7 does n     
qualify z gasification equipm5t1 or     
7bb7 is n a necess>y compon5t ( an      
oxy-fuel combu/ion process4  7iii7      
,geological gas facility ,! t]m         
geological gas facility means a facility
 t-- 7,i7 produces a raw product consi/+
 ( gas or mix$ gas & liquid f a         
geological =mation1  7,,ii7 transports  
or removes impurities f su* product1 or 
7,,iii7 sep>ates su* product into its   
con/itu5t p>ts4  7#c7 ,capture & /orage 
requirem5t  7,a7 ,9 g5]al ,subject to   
subp>agraph 7,b71 ! eligible compon5ts (
 an indu/rial c>bon dioxide facility    
%all h a capture & /orage p]c5tage 7z   
det]m9$ "u subp>agraph 7,c77 t is equal 
to or great] ?an #fe p]c5t4  7,b7       
,exception ,9 ! case ( an indu/rial     
c>bon dioxide facility ) a capture &    
/orage p]c5tage t is less ?an #fe p]c5t1
 ! p]c5tage ( ! co/ ( ! eligible        
compon5ts in/all$ 9 su* facility t may  
be f9anc$ ) tax-exempt bonds may n be   
great] ?an ! capture & /orage p]c5tage4 

7,c7 ,capture & /orage p]c5tage  7i7 ,9 
g5]al ,subject to clause 7ii71 ! capture
 & /orage p]c5tage %all be an am\nt1    
express$ z a p]c5tage1 equal to !       
quoti5t (--  7,i7 ! total metric tons ( 
c>bon dioxide annually captur$1         
transport$1 & inject$ into-- 7aa7 a     
facility = geologic /orage1 or  7bb7 an 
enhanc$ oil or gas recov]y well foll[$  
by geologic /orage1 divid$ by  7,,ii7 ! 
total metric tons ( c>bon dioxide :i*   
w\ld o!rwise be releas$ into ! atmosph]e
 ea* ye> z indu/rial emission ( gre5h\se
 gas if ! eligible compon5ts 7 n in/all$
 9 ! indu/rial c>bon dioxide facility4  
7ii7 ,limit$ application ( eligible     
compon5ts ,9 ! case ( eligible compon5ts
 t are design$ to capture c>bon dioxide 
solely f specific s\rces ( emissions or 
portions !re( )9 an indu/rial c>bon     
dioxide facility1 ! capture & /orage    
p]c5tage "u ?is subp>agraph %all be     
det]m9$ bas$ only on su* specific s\rces
 ( emissions or portions !re(4  4  7b7  
,volume cap ,section #adf7;g77#d7 ( su* 

,code is am5d$ by /rik+ p>agraph 7#aa7 (
 section #adb7;a7 7relat+ to high-spe$  
int]city rail facilities7 & ins]t+      
p>agraph 7#aa7 or 7#af7 ( section       
#adb7;a74  7c7 ,cl>ification ( private  
bus9ess use ,section #ada7;b77#f7 ( su* 
,code is am5d$ by add+ at ! end ! foll[+
 new subp>agraph3  7,c7 ,cl>ification   
relat+ to qualifi$ c>bon dioxide capture
 facilities ,= purposes ( ?is           
subsection1 ! sale ( c>bon dioxide      
produc$ by a qualifi$ c>bon dioxide     
capture facility 7z def9$ 9 section     
#adb7n77 :i* is own$ by a gov]nm5tal    
unit %all n con/itute private bus9ess   
use4  4  7d7 ,effective date ,! am5dm5ts
 made by ?is section %all apply to      
obligations issu$ aft] ,decemb] #ca1    
#bjag4