,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ebje  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #aj1        
#bjba,mr4 ,bey] 7= himself & ,ms4       
,del,bene7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to ext5d & modify 
! cr$it = c>bon oxide seque/ration1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,negate ,emissions to  
,z]o ,act ( #bjba or ! ,,net ,z]o ,act (
 #bjba4  #b4 ,ext5sion & modification ( 
cr$it = c>bon oxide seque/ration  7a7   
,ext5sion ,section #de,q7d7 is am5d$--  
7#a7 9 p>agraph 7#a71 by ins]t+ except z
 provid$ 9 p>agraph 7#c71 at ! beg9n+ & 
/rik+ ,janu>y #a1 #bjbf & ins]t+ ,janu>y
 #a1 #bjcb1 &  7#b7 by add+ at ! end3   
7#c7 ,exclusion = direct air capture )  
d$icat$ geological /orage ,9 ! case (   
qualifi$ c>bon oxide captur$ by a direct
 air capture facility :i* is us$ by !   
taxpay] 9 a mann] describ$ 9 subsection 
7a77#c71 p>agraph 7#a7 %all n apply4  4 

7b7 ,modification ( c>bon oxide capture 
requirem5ts ,section #de,q7d77#b77;,c7  
is am5d$ by /rik+ #ajj1jjj & replac+ x )
 #a1jjj4  7c7 ,det]m9ation ( applicable 
doll> am\nt  7#a7 ,9 g5]al ,section     
#de,q7b77#a7 is am5d$ by r$esignat+     
subp>agraph 7,b7 z subp>agraph 7,c7 & by
 ins]t+ aft] subp>agraph 7,a7 ! foll[+  
new subp>agraph3  7,b7 ,special rule =  
direct air capture facilities ,= any    
taxable ye> beg9n+ aft] ,decemb] #ca1   
#bjba1 9 ! case ( any qualifi$ facility 
describ$ 9 subsection 7d77#b77;,c71 !   
applicable doll> am\nt %all be an am\nt 
equal to-- 7i7 = purposes ( p>agraph    
7#c7 ( subsection 7a71 an am\nt equal to
 ! product ( #ahj & ! inflation adju/m5t
 factor = su* cal5d> ye> det]m9$ "u     
section #dc7;b77#c77;,b7 = su* cal5d>   
ye>1 det]m9$ by sub/itut+ #bjbj = #aiij1
 &  7ii7 = purposes ( p>agraph 7#d7 (   
su* subsection1 an am\nt equal to !     
product ( #acj & ! inflation adju/m5t   
factor = su* cal5d> ye> det]m9$ "u      
section #dc7;b77#c77;,b7 = su* cal5d>   

ye>1 det]m9$ by sub/itut+ #bjbj = #aiij4
  4  7#b7 ,con=m+ am5dm5ts  7,a7        
,section #de,q7b77#a77;,a7 is am5d$ by  
/rik+ ,! applicable doll> am\nt & ins]t+
 ,except z provid$ 9 subp>agraph 7,b71 !
 applicable doll> am\nt4  7,b7 ,section 
#de,q7b77#a77;,c71 z r$esignat$ by      
p>agraph 7#a71 is am5d$ by /rik+        
subp>agraph 7,a7 & ins]t+ subp>agraph   
7,a7 or 7,b74  7d7 ,effective dates     
7#a7 ,ext5sion ,! am5dm5t made by       
subsection 7a7 %all apply to facilities 
! con/ruction ( :i* beg9s aft] ,decemb] 
#ca1 #bjbe4  7#b7 ,o!r am5dm5ts ,!      
am5dm5ts made by subsections 7b7 & 7c7  
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjba4