2008 House Bill 5604

Authorize carbon dioxide sequestration equipment tax break

Introduced in the House

Jan. 9, 2008

Introduced by Rep. Paul Opsommer (R-93)

To authorize a credit against the Michigan Business Tax for the amount spent by a firm on carbon dioxide sequestration equipment. Carbon dioxide sequestration (injection into wells deep in the ground) is a technique being investigated to mitigate the possibility of global warming caused by the release of CO2 into the atmosphere.

Referred to the Committee on Tax Policy