H.R. 1062: ACCESS 45Q Act
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H.R. 1062: ACCESS 45Q Act
117th Congress · introduced 2021-02-15 · Taxation · Latest: Referred to the House Committee on Ways and Means.
federal
Follow this bill, step by step
- Where it came from: introduced 2021-02-15 · official record
- Who proposed it: Rep. McKinley, David B. [R-WV-1] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Ways and Means. 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
ACCESS 45Q Act
Plain summary
Accelerating Carbon Capture and Extending Secure Storage through 45Q Act or the ACCESS 45Q Act This bill extends the tax credit for carbon oxide sequestration through 2035 and allows taxpayers an election to receive payments in lieu of the credit. The bill also permits an allowance of the carbon oxide tax credit against the base erosion minimum tax. The base erosion minimum tax is a tax on large corporation that is calculated after adding back to taxable income certain deductible payments made to related foreign persons.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
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The strongest published arguments
Arguments for (supporters)
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. McKinley, David B. [R-WV-1] · 18 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Marc A. Veasey (D-TX), Jack Bergman (R-MI), John R. Moolenaar (R-MI), Scott H. Peters (D-CA), Randy Feenstra (R-IA), Tom Cole (R-OK), Daniel Meuser (R-PA), Guy Reschenthaler (R-PA), Mariannette Miller-Meeks (R-IA), Lizzie Fletcher (D-TX), Ashley Hinson (R-IA)
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)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr1062.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>
Record fed-us-cong117-hr1062 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117