HR8108Referred to Committee

End Polluter Welfare for Enhanced Oil Recovery Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-26
Introduced
11
Cosponsors
HR
ⓘ
Type

Sponsor

Ro Khanna
Ro Khanna
Democrat · CA · Representative
Votes with party: 97.6% (543 recorded votes)

Full profile: /officials/K000389

Source: Congress.gov · FEC

Cosponsors (11)

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

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.

2026-03-26

Source: Congress.gov

Committee Activity

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Plain-English Summary

This bill would set an expiration date for a tax credit that currently allows companies to deduct costs for capturing and storing carbon dioxide, a greenhouse gas. The change would affect energy companies and industrial facilities that use carbon capture technology, potentially making the tax benefit temporary rather than permanent. The bill has been sent to the House Ways and Means Committee for review.

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

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8108 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8108 To amend the Internal Revenue Code of 1986 to provide for an end date for the credit for certain qualified carbon oxide, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 26, 2026 Mr. Khanna (for himself, Ms. Tlaib, Ms. Barragan, Ms. Norton, Ms. Jayapal, Mr. Frost, Mrs. Ramirez, Ms. Schakowsky, and Mr. Mullin) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for an end date for the credit for certain qualified carbon oxide, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``End Polluter Welfare for Enhanced Oil Recovery Act of 2026''. SEC. 2. ELIMINATION OF USE OF CARBON OXIDE AS TERTIARY INJECTANT. (a) In General.--Section 45Q(f) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(11) Elimination of use of carbon oxide as tertiary injectant.--In the case of any qualified facility the construction of which begins after the date of the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026, subsection (a)(3)(B)(ii) shall not apply.''. (b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. SEC. 3. ENHANCED OIL RECOVERY CREDIT. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 43. (b) Conforming Amendments.-- (1) Section 38(b) of such Code is amended by striking paragraph (6). (2) Section 45I(b)(2)(B) of such Code is amended by inserting ``(as in effect on the day before the date of the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026)'' after ``section 43(c)(3)(B)''. (3) Section 45K(b)(5)(A) of such Code is amended by inserting ``(as in effect on the day before the date of the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026)'' after ``section 43''. (4) Section 45Q of such Code is amended-- (A) by striking ``section 43(b)(3)(B)'' each place it appears and inserting ``section 43(b)(3)(B) (as in effect on the day before the date of the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026)'', and (B) in subsection (e)(4), by inserting ``(as in effect on the day before the date of the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026)'' after ``section 43(c)(2)''. (5) Section 196(c) of such Code is amended by striking paragraph (5) and by redesignating paragraphs (6) through (14) as paragraphs (5) through (13), respectively. (6) Section 6501(m) of such Code is amended by striking ``43,''. (7) The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by striking the item relating to section 43. (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. <all>
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