,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hheh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #c1 #bjbj,mr4
 ,mc,kinley 7= himself1 ,mr4 ,veasey1   
,mr4 ,arm/rong1 ,mrs4 ,bu/os1 ,mr4      
,mooney ( ,we/ ,virg9ia1 ,mr4 ,mi*ael   
,f4 ,doyle ( ,p5nsylvania1 ,mrs4        
,flet*]1 & ,mr4 ,b]gman7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to ext5d & all[ an elective paym5t
 ( ! tax cr$it = c>bon oxide            
seque/ration4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,accel]at+ ,c>bon      
,capture & ,ext5d+ ,secure ,/orage ?r\gh
 #de,q ,act or z ! ,,access #de,q ,act4 
#b4 ,ext5sion ( cr$it = c>bon oxide     
seque/ration  7a7 ,9 g5]al ,section     
#de,q7d77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ ,janu>y #a1   
#bjbd & ins]t+ ,janu>y #a1 #bjcd4  7b7  
,effective date ,! am5dm5t made by ?is  
section applies to facilities !         
con/ruction ( :i* beg9s aft] ,decemb]   

#ca1 #bjbc4  #c4 ,elective paym5t =     
c>bon oxide seque/ration  7a7 ,9 g5]al  
,sub*apt] ,b ( *apt] #fe ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #fdca4  
,elective paym5t = c>bon oxide          
seque/ration  7a7 ,en]gy prop]ty ,9 !   
case ( a taxpay] mak+ an election 7at   
su* "t & 9 su* mann] z ! ,secret>y may  
provide7 "u ?is section ) respect to any
 portion ( a c>bon oxide seque/ration   
cr$it :i* w\ld 7)\t reg>d to ?is        
section7 be det]m9$ "u section #de,q )  
respect to su* taxpay]1 su* taxpay] %all
 be treat$ z mak+ a paym5t aga9/ ! tax  
impos$ by subtitle ,a = ! taxable ye>   
equal to ! am\nt ( su* portion4  7b7    
,tim+ ,! paym5t describ$ 9 subsection   
7a7 %all be treat$ z made on ! lat] ( ! 
due date ( ! return ( tax = su* taxable 
ye> or ! date on :i* su* return is fil$4
  7c7 ,exclusion f gross income ,gross  
income ( ! taxpay] %all be det]m9$ )\t  
reg>d to ?is section4  7d7 ,d5ial (     
d\ble b5efit ,solely = purposes (       

section #ch1 9 ! case ( a taxpay] mak+  
an election "u ?is section1 ! c>bon     
oxide seque/ration cr$it det]m9$ "u     
section #de,q %all be r$uc$ by ! am\nt (
 ! portion ( su* cr$it ) respect to :i* 
! taxpay] makes su* election4  7e7      
,special rules  7#a7 ,9 ! case ( a      
taxpay] mak+ an election "u ?is         
subsection1 ! cr$it subject to su* an   
election %all be det]m9$ not)/&+-- 7,a7 
section #ej7;b77#c72 &  7,b7 section    
#ej7;b77#d7 = an entity describ$ 9      
#ej7;b77#d77;,a77i74  7#b7 ,9 ! case ( a
 mutual or coop]ative electric company  
describ$ 9 ?is p>agraph or an           
organization describ$ 9 section         
#acha7;a77#b71 any income receiv$ or    
accru$ 9 connection ) ! cr$it "u ?is    
section %all be treat$ z an am\nt       
collect$ f memb]s = ! sole purpose (    
meet+ losses & exp5ses4  4  7b7 ,cl]ical
 am5dm5t ,! table ( sections = sub*apt] 
,b ( *apt] #fe ( su* ,code is am5d$ by  
add+ at ! end ! foll[+ new item3  ,sec4 
#fdca4 ,elective paym5t = c>bon oxide   

seque/ration4  4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to prop]ty orig9ally plac$ 9 s]vice    
aft] ! date ( ! enactm5t ( ?is ,act4