Expands the carbon oxide sequestration credit to include solid or liquid carbon capture facilities.

The Carbon Resource Innovation Act amends the Internal Revenue Code to expand the carbon oxide sequestration credit to include solid or liquid carbon capture facilities. This involves modifying the definition of carbon capture equipment and adjusting the credit to account for carbon captured in solid or liquid form. The changes apply to carbon captured after the enactment of the Act.

Expands the carbon oxide sequestration credit to include solid or liquid carbon capture facilities.

The Carbon Resource Innovation Act amends the Internal Revenue Code to expand the carbon oxide sequestration credit to include solid or liquid carbon capture facilities. This involves modifying the definition of carbon capture equipment and adjusting the credit to account for carbon captured in solid or liquid form. The changes apply to carbon captured after the enactment of the Act.