,,ii  #aaith ,,congress  #ast ,session  
,s4 #dbe  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #e1       
#bjbe,mr4 ,barrasso 7for himself1 ,mr4  
,lankford1 ,mr4 ,cassidy1 ,mr4 ,hoeven1 
,mr4 ,justice1 and ,mr4 ,sheehy         
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 modify the carbon oxide        
sequestration credit to ensure parity   
for different uses and utilizations of  
qualified carbon oxide4  #a4 ,short     
title ,this ,act may be cited as the    
,enhancing ,energy ,recovery ,act4  #b4 
,parity for different uses and          
utilizations of qualified carbon oxide  
7a7 ,in general ,section #de,q of the   
,internal ,revenue ,code of #aihf is    
amended-- 7#a7 in subsection 7a7-- 7,a7 
in paragraph 7#b77;,b77ii71 by adding   
and at the end1  7,b7 in paragraph 7#c71
 by striking subparagraph 7,b7 and      
inserting the following3  7,b7 7i7      

disposed of by the taxpayer in secure   
geological storage and not used by the  
taxpayer as described in clause 7ii7 or 
7iii71  7ii7 used by the taxpayer as a  
tertiary injectant in a qualified       
enhanced oil or natural gas recovery    
project and disposed of by the taxpayer 
in secure geological storage1 or  7iii7 
utilized by the taxpayer in a manner    
described in subsection 7f77#e74  1 and 
7,c7 by striking paragraph 7#d71 and    
7#b7 in subsection 7b7-- 7,a7 in        
paragraph 7#a7-- 7i7 by striking        
subparagraph 7,a7 and inserting the     
following3  7,a7 ,except as provided in 
subparagraph 7,b7 or 7,c71 the          
applicable dollar amount shall be an    
amount equal to-- 7i7 for any taxable   
year beginning in a calendar year after 
#bjbd and before #bjbg1 #ag1 and  7ii7  
for any taxable year beginning in a     
calendar year after #bjbf1 an amount    
equal to the product of #ag 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  1 and  7ii7 in subparagraph     
7,b71 by striking shall be applied and  
all that follows through the period and 
inserting shall be applied by           
substituting #cf for #ag each place it  
appears41  7,b7 in paragraph 7#b77;,b71 
by striking paragraphs 7#c77;,a7 and    
7#d77;,a7 and inserting paragraph       
7#c77;,a71 and  7,c7 in paragraph 7#c71 
by striking the dollar amounts          
applicable under paragraph 7#c7 or 7#d7 
and inserting the dollar amount         
applicable under paragraph 7#c71  7#c7  
in subsection 7f7-- 7,a7 in paragraph   
7#e77;,b77i71 by striking 7#d77;,b77ii7 
and inserting 7#c77;,b77iii71 and  7,b7 
in paragraph 7#i71 by striking          
paragraphs 7#c7 and 7#d7 of subsection  
7a7 and inserting subsection 7a77#c71   
and  7#d7 in subsection                 
7h77#c77;,a77ii71 by striking paragraph 
7#c77;,a7 or 7#d77;,a7 of subsection 7a7
 and inserting subsection 7a77#c77;,a74 

7b7 ,conforming amendment ,section      
#fdag7;d77#c77;,c77i77,,ii77bb7 of the  
,internal ,revenue ,code of #aihf is    
amended by striking paragraph 7#c77;,a7 
or 7#d77;,a7 of section #de,q7a7 and    
inserting section #de,q7a77#c77;,a74    
7c7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjbd4