Amendment · S.Amdt. 2532· Senate(119-SAMDT-2532)

S.Amdt. 2532

Age: 62 years

Arizona

Introduced: 6/29/2025
Sponsored by: Mark Kelly
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

As your legislative analyst, let's look straight at what this amendment actually does for us. Mr. Kelly submitted amendment SA 2532, which aims to change sections 70522 and 70523 of the existing text.

What It Changes

The amendment completely strikes sections 70522 and 70523 and replaces them with new restrictions on the carbon oxide sequestration credit.
It blocks taxpayers from getting this tax credit for any taxable year starting after the enactment date if the taxpayer is a specified foreign entity or a foreign-influenced entity.