,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #ehhc  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ab1       
#bjbj,mr4 ,schweikert 7for himself and  
,mr4 ,wenstrup7 introduced the following
 bill2 which was referred to the        
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide for an       
increased credit for carbon oxide       
sequestration for direct air capture    
facilities1 and for other purposes4  #a4
 ,increase in credit for carbon oxide   
sequestration for direct air capture    
facilities  7a7 ,increase in applicable 
dollar amount for direct air capture    
facilities ,section #de,q7b77#a77;,a7 of
 the ,internal ,revenue ,code of #aihf  
is amended-- 7#a7 in clause 7i77,i7 and 
7ii77,i71 by inserting 7#fb4ej in the   
case of a direct air capture facility7  
after #ej1 and  7#b7 in clause 7i77,,ii7
 and 7ii77,,ii71 by inserting 7#dc4ge in
 the case of a direct air capture       
facility7 after #ce4  7b7 ,repeal of    

placed-in-,service deadline2 decrease in
 capture requirements for direct air    
capture facilities ,section #de,q7d7 of 
the ,internal ,revenue ,code of #aihf is
 amended to read as follows3  7d7       
,qualified facility ,for purposes of    
this section1 the term qualified        
facility means any industrial facility  
or direct air capture facility which    
captures-- 7#a7 in the case of a        
facility which emits not more than      
#ejj1jjj metric tons of carbon oxide    
into the atmosphere during the taxable  
year1 not less than #be1jjj metric tons 
of qualified carbon oxide during the    
taxable year which is utilized in a     
manner described in subsection 7f77#e71 
7#b7 in the case of an electricity      
generating facility which is not        
described in subparagraph 7,a71 not less
 than #ejj1jjj metric tons of qualified 
carbon oxide during the taxable year1 or
  7#c7 in the case of a direct air      
capture facility or any facility not    
described in subparagraph 7,a7 or 7,b71 

not less than #ej1jjj metric tons of    
qualified carbon oxide during the       
taxable year4  4  7c7 ,effective date   
,the amendments made by this section    
shall apply to taxable years beginning  
after ,december #ca1 #bjbj4