,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #ghif  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ca1 #bjbj,mr4 
,bergman 7for himself and ,mrs4         
,fletcher7 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 allow the carbon     
capture credit to enhance the efficiency
 and effectiveness of the carbon oxide  
sequestration tax credit4  #a4 ,short   
title ,this ,act may be cited as the    
,redeeming ,effectiveness to ,carbon    
,oxide ,utilization ,plus ,sequestration
 ,act of #bjbj or ,,recoups ,act of     
#bjbj4  #b4 ,enhanced efficiency        
election for carbon oxide sequestration 
credit  7a7 ,in general ,section        
#de,q7f7 of the ,internal ,revenue ,code
 of #aihf is amended by adding at the   
end the following new paragraph3  7#h7  
,efficiency election  7,a7 ,in general  
,in the case of any carbon capture      
equipment placed in service on or after 

the date of the enactment of the        
,bipartisan ,budget ,act of #bjah1 a    
taxpayer that claims a carbon oxide     
sequestration credit for any taxable    
year may elect to treat the credit as a 
payment in excess of the tax imposed1 or
 the estimated tax payment required1 by 
subtitle ,a to the extent such credit   
exceeds the tax liability of such       
taxpayer in such taxable year4  7,b7    
,limitation ,if the taxpayer described  
in subparagraph 7,a7 makes an election  
under this paragraph 7in such time and  
manner as the ,secretary may prescribe  
by regulations71 the dollar amounts     
applicable under paragraph 7#c7 or 7#d7 
of subsection 7a7 shall be #ij percent  
of the applicable dollar amount         
determined under paragraph 7#a7 of      
subsection 7b74  4  7b7 ,effective date 
,the amendment made by this section     
shall apply to taxable years beginning  
after ,december #ca1 #bjai4