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Fact sheet Mar 28, 2023

Creating a Carbon Removal Tax Credit

The Carbon Dioxide Removal Investment Act would right-size the current tax code to empower innovative American companies to permanently remove carbon dioxide pollution.

Author:
Carbon Removal Alliance
Carbon Removal Alliance

Overview

Today's tax code leaves out promising carbon removal solutions. The Carbon Dioxide Removal Investment Act, introduced by Senators Bennet and Murkowski, would create a $250 production tax credit for each high-quality, verified ton of carbon dioxide removed from the atmosphere and permanently stored. Read our fact sheet below.

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