CONGRESS FOR VOTERS

RepublicanBill · H.R. 1946· House(119-HR-1946)

45Q Repeal Act of 2025

Rep. Perry
Age: 64 years
Pennsylvania
Introduced
3/6/2025
Last activity
3/6/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Scott Perry
Cosponsors
Republican - 1Democrat - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "45Q Repeal Act of 2025," aims to amend the Internal Revenue Code of 1986. The primary purpose of the legislation is to repeal the carbon oxide sequestration credit. The bill includes several conforming amendments to various sections of the tax code to remove references to section 45Q. These changes are intended to adjust how certain other sections, such as those involving carbon capture and sequestration equipment, are handled. The repeal is set to take effect for taxable years beginning after December 31, 2025.

Yes

  • Does this reduce what the federal government spends?+3

    Repealing the 45Q credit reduces the amount of tax revenue foregone by the federal government through tax credits.

The opposite

  • Would business owners be better off under this?-5

    Business owners in the energy and carbon management sectors will lose a specific tax credit provided by this legislation.

  • Does this cut the pollution that drives climate change?-5

    Removing the carbon capture tax credit reduces the financial incentive for companies to mitigate greenhouse gas emissions.