,,ii #aagth ,,congress #ast ,session ,s4 #bbcj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bd1 #bjba,mr4 ,lujn 7for himself1 ,mr4 ,barrasso1 ,mr4 ,grassley1 ,ms4 ,stabenow1 ,ms4 ,smith1 ,mr4 ,cramer1 ,mr4 ,coons1 and ,mr4 ,hoeven7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to enhance the carbon oxide sequestration credit4 #a4 ,enhancement of carbon oxide sequestration credit 7a7 ,increase in applicable dollar amount ,subparagraph 7,a7 of section #de,q7b77#a7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7,a7 ,in general ,for any taxable year beginning in a calendar year after #bjba1 the applicable dollar amount shall be an amount equal to-- 7i7 for purposes of paragraph 7#c7 of subsection 7a71 an amount equal to the product of #he and the inflation adjustment factor for such calendar year determined under section #dc7;b77#c77;,b7 for such calendar year1 determined by substituting #bjbj for #aiij1 and 7ii7 for purposes of paragraph 7#d7 of such subsection1 an amount equal to the product of #fj and the inflation adjustment factor for such calendar year determined under section #dc7;b77#c77;,b7 for such calendar year1 determined by substituting #bjbe for #aiij4 4 7b7 ,definition of qualified facility ,paragraph 7#b7 of section #de,q7d7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#b7 at which carbon capture equipment installed at such facility captures qualified carbon oxide during the taxable year4 4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjba4