45Q Repeal Act of 2025

HR 1946, the 45Q Repeal Act of 2025, eliminates the federal tax credit for carbon capture and sequestration projects. It directly affects energy companies and industrial facilities that previously used this credit to offset costs of capturing carbon dioxide emissions. The bill removes Section 45Q from the tax code and amends related provisions to delete all references to the credit, effective for taxable years starting after December 31, 2025. This ends a financial incentive that encouraged investment in carbon capture technology.