Kansas HB 2419
Income tax reductions and abatement of property taxes applicable to the power plant and the sequestration site for a generation project that sequesters CO2.
LPDD Recommendation: “Congress can expand tax credit programs under §§48A and 48B of the Internal Revenue Code by: (1) explicitly extending them to NGCC plants that capture CO2; (2) enlarging the five-year time frame; and (3) appropriating additional funds.”
LPDD Recommendation: “Congress could expand the existing production tax credit for renewable generation to include electricity that is produced by plants that use CCS.”