45Q Repeal Act of 2025 · Introduced in House (2025-03-06)

SEC. 2. Repeal of carbon oxide sequestration credit

(a) In general

Subpart D of part IV of subchapter A of of the Internal Revenue Code of 1986 is amended by repealing section 45Q and by striking the item relating to such section from the table of sections for such subpart. chapter 1

(b) Conforming amendments

Section 38(b) is amended by striking paragraph (29).
Section 45V(d) is amended by striking paragraph (2).
Section 48(a)(15) is amended—
- in subparagraph (B), by striking , and
- in subparagraph (C)(ii)(I), by striking .
Section 45Y(b)(1)(D) is amended by striking .
- (D) Carbon capture and sequestration equipment
  - (i) For purposes of this subsection, the amount of greenhouse gases emitted into the atmosphere by a facility in the production of electricity shall not include any qualified carbon dioxide that is captured by the taxpayer and—
  - pursuant to any regulations established under clause (ii), disposed of by the taxpayer in secure geological storage, or
  - utilized by the taxpayer in a manner described in paragraph (5) of such section.
  - (ii) Regulations
    - The Secretary, in consultation with the Administrator of the Environmental Protection Agency, the Secretary of Energy, and the Secretary of the Interior, shall establish regulations for determining adequate security measures for the geological storage of qualified carbon oxide under clause (i) such that the qualified carbon oxide does not escape into the atmosphere. Such term shall include storage at deep saline formations, oil and gas reservoirs, and unminable coal seams under such conditions as the Secretary may determine under such regulations.
    - For purposes of this clause, the term has the meaning given such term in section 45Q(c) as such section was in effect on the day before the date of the enactment of the . qualified carbon oxide
Section 45Y(b)(2)(D) is amended to read as follows:
Section 45Z(d)(4)(B) is amended by striking clause (iii).
Section 48C(f) is amended by striking .
Section 48E(b)(3)(C) is amended by striking clause (iii).
Section 142(o)(1)(B) is amended by inserting after .
Section 6417 is amended—
- in subsection (b) by striking paragraph (3), and
- in subsection (d)—
  - (i) in paragraph (1)(C), by inserting after , and
  - (ii) in paragraph (3)(C)(i)(II)(bb), by striking period described in paragraph (3)(A) or (4)(A) of section 45Q(a) with respect to such equipmentand inserting 12-year period beginning on the date the equipment was originally placed in service.
Section 6418(f)(1)(A) is amended by striking clause (iii).

The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

H.R. 1946

Table of contents

SEC. 1. Short title

SEC. 2. Repeal of carbon oxide sequestration credit