,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #ghif  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ca1 #bjbj,mr4  
,b]gman 7= himself & ,mrs4 ,flet*]7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to all[ ! c>bon capture   
cr$it to enhance ! effici5cy &          
effectiv5ess ( ! c>bon oxide            
seque/ration tax cr$it4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,r$eem+      
,effectiv5ess to ,c>bon ,oxide          
,utilization ,plus ,seque/ration ,act ( 
#bjbj or ,,rec\ps ,act ( #bjbj4  #b4    
,enhanc$ effici5cy election = c>bon     
oxide seque/ration cr$it  7a7 ,9 g5]al  
,section #de,q7f7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#h7 ,effici5cy 
election  7,a7 ,9 g5]al ,9 ! case ( any 
c>bon capture equipm5t plac$ 9 s]vice on
 or aft] ! date ( ! enactm5t ( !        
,bip>tisan ,budget ,act ( #bjah1 a      
taxpay] t claims a c>bon oxide          

seque/ration cr$it = any taxable ye> may
 elect to treat ! cr$it z a paym5t 9    
excess ( ! tax impos$1 or ! e/imat$ tax 
paym5t requir$1 by subtitle ,a to !     
ext5t su* cr$it exce$s ! tax liability (
 su* taxpay] 9 su* taxable ye>4  7,b7   
,limitation ,if ! taxpay] describ$ 9    
subp>agraph 7,a7 makes an election "u   
?is p>agraph 79 su* "t & mann] z !      
,secret>y may prescribe by regulations71
 ! doll> am\nts applicable "u p>agraph  
7#c7 or 7#d7 ( subsection 7a7 %all be   
#ij p]c5t ( ! applicable doll> am\nt    
det]m9$ "u p>agraph 7#a7 ( subsection   
7b74  4  7b7 ,effective date ,! am5dm5t 
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjai4