How Carbon Capture Tax Credit Financing Would Work
Law360 (July 17, 2019, 2:06 PM EDT) -- On June 10, 2019, Sens. Michael Bennet, D-Colo., and Rob Portman, R-Ohio, introduced Senate Bill 1763, the Carbon Capture Improvement Act of 2019, which, if passed, would allow the issuance of exempt facility bonds for “qualified carbon dioxide capture facilities.” This carbon capture bill has bipartisan support as it encourages continued use of carbon-generating natural resources by providing a new tax-exempt financing option for capital expenditures related to a green countermeasure — carbon capture and sequestration.
If this sounds like Groundhog Day, that is because it is — this bill was also proposed in 2017 after an unsuccessful round of proposed tax-credit based...
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