Summary/Abstract
This bill would modify the Section 45Q carbon dioxide sequestration tax credit by authorizing the direct payment of credits and removing minimum carbon thresholds to incentivize smaller projects. The bill would also make enhanced oil recovery ineligible after 2026, increase the credit amount for DAC facilities to $175 per ton for secure geologic storage and $150 for utilization, set a minimum wage requirement based on DOL standards, and require that 15% of total labor for constructing a credit-eligible facility be performed by qualified apprentices.