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H.R. 5205 – NET Zero Act of 2021

2021
Proposed Legislation
U.S. Congress
Federal Legislation
Carbon Dioxide Removal → Direct Air Capture
Enhanced Oil Recovery, United States
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Summary/Abstract

This bill would amend the 45Q tax credit by removing the deadline for DAC to geologic storage and enforcing a 10-year deadline for DAC to EOR. The bill would reduce the minimum capture threshold requirements from 100,000 tons to 1,000, and increase the credit amount to $180 for DAC to geologic storage and $130 for DAC to EOR.

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