To amend the Internal Revenue Code of 1986 to establish a tax credit for abatement and sequestration of carbon dioxide equivalent through agricultural methods.
Qualified Agricultural Carbon Sequestration Act of 2022
This bill allows certain qualified applicants (i.e., farms) a new tax credit for the abatement and sequestration of carbon dioxide emissions related to certain agricultural activities.
The bill requires the Department of the Treasury to establish a qualified agricultural carbon sequestration and abatement program to consider and award certifications for farms eligible for the credit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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