NET Zero Act of 2021

Summary

Official

Negating Emissions to Zero Act of 2021 or the NET Zero Act of 2021 This bill extends through 2031 the tax credit for carbon oxide sequestration. It also modifies carbon oxide capture requirements and sets forth a special rule for determining the applicable dollar amount for the deduction of costs relating to direct air capture facilities.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(9/7/21)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Beyer

House (D) Virginia – 8

Cosponsors (1)

DelBene

House (D) Washington

Latest Action

Referred to the House Committee on Ways and Means.

Sep 7, 2021