S. 3590: Carbon Capture and Sequestration Deployment Revenue Act of 2010
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S. 3590: Carbon Capture and Sequestration Deployment Revenue Act of 2010
111th Congress · introduced 2010-07-14 · Taxation · Latest: Read twice and referred to the Committee on Finance.
federal
Follow this bill, step by step
- Where it came from: introduced 2010-07-14 · official record
- Who proposed it: Sen. Rockefeller, John D., IV [D-WV] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Carbon Capture and Sequestration Deployment Revenue Act of 2010
Plain summary
Carbon Capture and Sequestration Deployment Revenue Act of 2010 - Amends the Internal Revenue Code to: (1) expand the tax credit for carbon dioxide sequestration to include carbon dioxide that is converted to a stable form in which it is securely and permanently sequestered; (2) allow a 30% increase in the qualifying advanced coal project tax credit for the incremental cost of carbon capture and sequestration systems; (3) allow an increase in the carbon dioxide sequestration tax credit for the use of new or retrofit electric utility or industrial units to provide for carbon capture and sequestration in secure geologic storage; and (4) allow issuers of qualified carbon sequestration bonds income and excise tax credits for payments of interest with respect to such bonds. Amends the Energy Policy Act of 2005 to provide additional funding for loan guarantees for: (1) constructing or retrofitting new or existing commercial scale electric generation units or industrial facility units for carbon capture and sequestration; and (2) constructing carbon dioxide transmission pipelines to transport carbon dioxide to sequestration sites or to sites where carbon dioxide will be used for hydrocarbon recovery.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Carbon Capture and Sequestration Deployment Revenue Act of 2010
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Rockefeller, John D., IV [D-WV] · 1 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bond
- A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111s3590.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/s>
Record fed-us-cong111-s3590 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111