45Q Repeal Act of 2025

# 45Q Repeal Act of 2025 Summary **What the Bill Would Do:** This bill would eliminate the Section 45Q tax credit, a federal tax incentive that currently provides financial rewards to companies that capture and store carbon dioxide (CO2) from the atmosphere or industrial sources. If passed, businesses would no longer receive tax credits for carbon capture and storage (CCS) projects, removing a significant financial incentive for this climate-related technology development. **Who It Affects:** The bill would impact companies investing in carbon capture technology, including energy producers, industrial manufacturers, and emerging clean-tech firms. It would also indirectly affect workers in these industries and communities where such projects are located.

Consumers could potentially see changes in energy costs depending on how companies adjust operations in response. **Current Status:** The bill was introduced in the House of Representatives on February 10, 2025, by Representative Scott Perry (R-PA) and is currently in committee. It has not yet been voted on or advanced further in the legislative process. No companion bill has been introduced in the Senate at this time.