Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would change sections 70522 and 70523 of the bill.
- It prevents a carbon oxide sequestration credit from being determined for certain taxpayers.
- The restriction applies if the taxpayer is a specified foreign entity.
- The restriction also applies if the taxpayer is a foreign-influenced entity.
- These rules would apply to taxable years beginning after the date this Act is enacted.
- 6/29/2025
- Senate amendment submitted
This bill has no cosponsors