Enhancing Energy Recovery Act

Amends Internal Revenue Code Section 45Q to treat different uses and disposals of “qualified carbon oxide” the same way and to change how the per‑unit tax credit is set for near‑term taxable years. It updates eligible uses (including secure geological storage and use as a tertiary injectant in qualified enhanced oil or natural gas recovery) and fixes a $17 per‑unit credit amount for certain early years, with later years indexed for inflation. The changes apply to taxable years beginning after December 31, 2024.