End Polluter Welfare for Enhanced Oil Recovery Act of 2026 ends tax credit for carbon oxide use in enhanced oil recovery.
The End Polluter Welfare for Enhanced Oil Recovery Act of 2026 amends the Internal Revenue Code to eliminate the tax credit for using carbon oxide as a tertiary injectant in enhanced oil recovery. The bill also makes conforming amendments to various sections of the Code, including striking certain paragraphs and redesignating others. These changes apply to taxable years beginning after the enactment of the Act.
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