HR 8858 · 116th Congress 2019–2021, ended

ACCESS 45Q Act

Introduced Dec 3, 2020 Originated House Sponsor David B. McKinley R-WV

Latest action · Dec 3, 2020 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedDec 3, 2020
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

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 2033 and allows taxpayers an election to receive payments in lieu of the credit.

Cosponsors 8

Members who signed on, in the order they did. Signatures ran from Dec 3, 2020 to Dec 8, 2020; 7 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-WV	Alexander X. Mooney	Original	Dec 3, 2020
D-IL	Cheri Bustos	Original	Dec 3, 2020
R-MI	Jack Bergman	Original	Dec 3, 2020
R-ND	Kelly Armstrong	Original	Dec 3, 2020
D-TX	Lizzie Fletcher	Original	Dec 3, 2020
D-TX	Marc A. Veasey	Original	Dec 3, 2020
D-PA	Michael F. Doyle	Original	Dec 3, 2020
R-MI	John R. Moolenaar		Dec 8, 2020

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Dec 3, 2020

Actions 2

Everything that happened, newest first.

Dec 3, 2020Introduced in House
Dec 3, 2020Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Section 8--Powers of Congress. To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 204, December 3, 2020, page H6142.

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 4966	45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2020	Related bill	Dec 7, 2020

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to extend and allow an elective payment of the tax credit for carbon oxide sequestration.
Short Title(s) as Introduced: ACCESS 45Q Act; Accelerating Carbon Capture and Extending Secure Storage through 45Q Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Dec 3, 2020Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.