What does Preamble of End Polluter Welfare for Enhanced Oil Recovery Act of 2026 do?

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to provide for an end date for the credit for certain qualified carbon oxide, and for other purposes,' proposes to amend the Internal Revenue Code of 1986. The bill aims to establish an end date for the credit related to certain qualified carbon oxide.

What does SHORT TITLE. of End Polluter Welfare for Enhanced Oil Recovery Act of 2026 do?

This bill is formally titled the End Polluter Welfare for Enhanced Oil Recovery Act of 2026.

What does ELIMINATION OF USE OF CARBON OXIDE AS TERTIARY INJECTANT. of End Polluter Welfare for Enhanced Oil Recovery Act of 2026 do?

This section amends the Internal Revenue Code of 1986 It eliminates the use of carbon oxide as a tertiary injectant for qualified facilities The amendment applies to facilities constructed after the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026

What does ENHANCED OIL RECOVERY CREDIT. of End Polluter Welfare for Enhanced Oil Recovery Act of 2026 do?

This section amends Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 by striking section 43. Several sections of the Internal Revenue Code are amended to reference section 43 as it existed on the day before the enactment of the End Polluter Welfare for Enhanced Oil Recovery Act of 2026. Section 38(b) of the Internal Revenue Code is amended by striking paragraph (6). Section 196(c) of the Internal Revenue Code is amended by striking paragraph (5) and redesignating subsequent paragraphs. Section 6501(m) of the Internal Revenue Code is amended by striking '43'. The table of sections for Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code is amended to remove the item relating to section 43. The amendments made by this section apply to taxable years beginning after the date of enactment of this Act.

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End Polluter Welfare for Enhanced Oil Recovery Act of 2026

Last updated: 3/26/2026 · Introduced: 3/26/2026

Author: Ro Khanna (D-CA)

TL;DR (AI)

The bill eliminates the use of carbon oxide as a tertiary injectant for qualified facilities constructed after its enactment.
It amends the Internal Revenue Code of 1986 to establish an end date for the credit related to certain qualified carbon oxide.
The bill repeals the enhanced oil recovery credit by striking section 43 of the Internal Revenue Code of 1986, with amendments applying to taxable years beginning after the date of enactment.

119th Congressin committeeS. 4222(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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