HR1946Referred to Committee

45Q Repeal Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-06
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Scott Perry
Scott Perry
Republican · PA · Representative
Votes with party: 86.4% (597 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$2,079k

Full profile: /officials/P000605

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

2 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-03-06

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would eliminate the 45Q tax credit, which currently allows companies to claim tax deductions for capturing and storing carbon dioxide from the air or industrial sources. Removing this credit would reduce financial incentives for businesses to invest in carbon capture technology, potentially slowing development of this climate-related industry while increasing tax revenue for the government.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.