,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ajfb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #ae1         
#bjba,mr4 ,mc,kinley 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 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$it =   
c>bon oxide seque/ration ,section       
#de,q7d77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ ,janu>y #a1   
#bjbf & ins]t+ ,janu>y #a1 #bjcf4  #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  
,9 g5]al ,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 ,limitation ,! portion ( a
 c>bon oxide seque/ration cr$it )       
respect to :i* a taxpay] may make an    
election "u ?is section %all n exce$ !  
portion ( su* cr$it :i* is attributable 
to prop]ty orig9ally plac$ 9 s]vice aft]
 ! date ( ! enactm5t ( ?is section4  7c7
 ,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$4
  7d7 ,exclusion f gross income ,gross  
income ( ! taxpay] %all be det]m9$ )\t  
reg>d to ?is section4  7e7 ,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$it ) respect to :i* 
! taxpay] makes su* election4  7f7      
,special rules  7#a7 ,9 ! case ( a      
taxpay] mak+ an election "u ?is         
subsection1 ! cr$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 cr$its det]m9$ = taxable ye>s end+  
aft] ! date ( ! enactm5t ( ?is ,act4    
#d4 ,all[ance ( ! c>bon oxide           
seque/ration cr$it aga9/ ! base erosion 
m9imum tax  7a7 ,9 g5]al ,section       
#ei;,a7b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$-- 7#a7 by ins]t+ & !     
c>bon dioxide seque/ration cr$it det]m9$
 "u section #de,q aft] section #da7;a7 9
 p>agraph 7#a77;,b77ii77,i71 &  7#b7 by 
ins]t+ 7o!r ?an ! cr$it all[$ "u section
 #ch = ! taxable ye> :i* is prop]ly     
allocable to ! cr$it = c>bon oxide      
seque/ration det]m9$ "u section #de,q7  
aft] cr$its all[$ "u ?is *apt]4  7b7    
,effective date ,! am5dm5ts made by ?is 
section %all take effect z if includ$ 9 
section #daaai ( ! ,bip>tisan ,budget   
,act ( #bjah4