House Bill 8858
116th Congress(2019-2020)
ACCESS 45Q Act
Introduced
Introduced in House on Dec 3, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8858
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Accelerating Carbon Capture and Extending Secure Storage through 45Q Act or the ACCESS 45Q Act
This bill extends the tax credit for carbon oxide sequestration through 2033 and allows taxpayers an election to receive payments in lieu of the credit.
December 3, 2020
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12/03/2020
Referred to the House Committee on Ways and Means.
12/03/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:02 PM