Charleston Gazette-Mail – West Virginia’s two U.S. senators signaled support Tuesday for legislation that would build on a 2018 law designed to encourage technological innovation in carbon capture usage and storage. read the full article.
Sen. Shelley Moore Capito, R-W.Va., and Sen. Joe Manchin, D-W.Va., were among the senators introducing the 45Q Carbon Capture Utilization and Storage (CCUS) Tax Credit Amendments Act, which would make targeted statutory changes to enhance a tax credit that Congress expanded in 2018 to spur investment in carbon capture technology.
Named after the 45Q tax credit for carbon capture, utilization and sequestration, the 45Q CCUS Amendments Act of 2020 would allow for direct payment of the credit and clarify that municipal power providers and electric cooperatives are eligible for direct payments of the credits for CCUS projects.
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