WHAT THE LAW DOINCongress, in plain words

The law › Title 26, Internal Revenue Code › Chapter 1

26 U.S.C. 45Q: Credit for carbon oxide sequestration

Created in 2008 by the Emergency Economic Stabilization Act of 2008 (Public Law 110-343). Changed by 6 later laws. 1 bill in this Congress would change it; 1 new law this Congress changed it.

1 other section of the Code cite this one, including 42 U.S.C. 16298d.

1 part of federal rules cite it as their authority, written by Internal Revenue Service, Department of the Treasury (1).

This Congress

  • H.R. 1 An act to provide for reconciliation pursuant to title II of H. Con. Res. 14. · became law · changed (a), (b), (f), (h)
  • H.R. 10906 Strong American Wood Act · introduced · would change (c)

How it got here

2022

  • Pub. L. 117–169, §13104(c)(2)(A), substituted "Except as provided in subparagraph (B) or (C), the applicable dollar amount" for "The applicable dollar amount" in introductory provisions. Law text · (b)
  • Pub. L. 117–169, §13104(b)(1)(A), substituted "$17" for "the dollar amount established by linear interpolation between $22.66 and $50 for each calendar year during such period". Law text · (b)
  • Pub. L. 117–169, §13104(b)(1)(B), substituted "$12" for "the dollar amount established by linear interpolation between $12.83 and $35 for each calendar year during such period". Law text · (b)
  • Pub. L. 117–169, §13104(b)(2)(A), substituted "$17" for "$50". Law text · (b)
  • Pub. L. 117–169, §13104(b)(2)(B), substituted "$12" for "$35". Law text · (b)
  • Pub. L. 117–169, §13104(c)(1)(B), added subpars. (B) and (C). Former subpar. (B) redesignated (D). Law text · (b), (C)
  • Pub. L. 117–169, §13104(c)(2)(B), substituted "subparagraph (A), (B), or (C)" for "subparagraph (A)". Law text · (b)
  • Pub. L. 117–169, §13104(c)(1)(A), redesignated subpar. (B) as (D). Law text · (b)
  • Pub. L. 117–169, §13104(a)(1), amended subsec. (d) generally. Prior to amendment, subsec. (d) defined qualified facility. Law text · (d)
  • Pub. L. 117–169, §13104(a)(2)(A), added pars. (1) and (2) and redesignated former pars. (1) to (3) as (3) to (5), respectively. Law text · (e)
  • Pub. L. 117–169, §13104(e)(1), struck out par. (3) which had appeared after par. (7) and related to credit reduced for certain tax-exempt bonds. Law text · (f)
  • Pub. L. 117–169, §13104(e)(2), added par. (8). Law text · (f)
  • Pub. L. 117–169, §13104(g), added par. (9). Law text · (f)
  • Pub. L. 117–169, §13104(f), inserted "the earlier of January 1, 2023, and" before "the end of the calendar year" in introductory provisions. Law text · (g)
  • Pub. L. 117–169, §13104(d), added subsec. (h) and redesignated former subsec. (h) as (i). Law text · (h), (i)
  • Pub. L. 117–169, §13104(h), added par. (3). Law text · (i)

2021

  • Pub. L. 117–58 added par. (3) relating to credit reduced for certain tax-exempt bonds at end of subsec. (f). (Infrastructure Investment and Jobs Act) Law text · (f)

2020

  • Pub. L. 116–260 substituted "January 1, 2026" for "January 1, 2024" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (d)

2018

  • Pub. L. 115–123 amended section generally. Prior to amendment, section related to credit for carbon dioxide sequestration. (Bipartisan Budget Act of 2018) Law text

2014

  • Pub. L. 113–295 substituted "Administrator of the Environmental Protection Agency, the Secretary of Energy, and the Secretary of the Interior, shall establish" for "Administrator of the Environmental Protection Agency the Secretary of Energy, and the Secretary of the Interior,, shal… Law text · (d)

2009

  • Pub. L. 111–5, §1131(b)(2), inserted "and not used by the taxpayer as described in paragraph (2)(B)" after "storage". (American Recovery and Reinvestment Act of 2009) Law text · (a)
  • Pub. L. 111–5, §1131(a), added subpar. (C). (American Recovery and Reinvestment Act of 2009) Law text · (a)
  • Pub. L. 111–5, §1131(b)(1), inserted "the Secretary of Energy, and the Secretary of the Interior," after "Environmental Protection Agency" and substituted "paragraph (1)(B) or (2)(C) of subsection (a)" for "subsection (a)(1)(B)" and ", oil and gas reservoirs, and unminable coal seam… (American Recovery and Reinvestment Act of 2009) Law text · (d)
  • Pub. L. 111–5, §1131(b)(3), substituted "taken into account in accordance with subsection (a)" for "captured and disposed of or used as a tertiary injectant". (American Recovery and Reinvestment Act of 2009) Law text · (e)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.