section, a taxpayer may elect to have the dollar amount applicable under paragraph (1) or (2) of subsection (a) apply in lieu of the dollar amounts applicable under paragraph (3) or (4) of such subsection for each metric ton of qualified carbon dioxide which is captured by the taxpayer using carbon capture equipment which is originally placed in service at a qualified facility on or after the date of the enactment of the Carbon Capture Act. (c) Qualified carbon dioxide For purposes of this section: (1) In general The term qualified carbon dioxide means carbon dioxide or other carbon oxides captured— (A) (i) from an industrial source which would otherwise be released into the atmosphere as industrial emission of greenhouse gas, or would otherwise lead to such release, or (ii) directly from the ambient air, and (B) is measured at the source of capture and verified at the point of disposal, injection, or utilization. (2) Recycled carbon dioxide The term qualified carbon dioxide includes the initial deposit of captured carbon dioxide used as a tertiary injectant. Such term does not include carbon dioxide that is recaptured, recycled, and re-injected as part of the enhanced oil and natural gas recovery process. (d) Qualified facility For purposes of this section, the term qualified facility means any industrial facility or direct air capture facility— (1) the construction of which begins before January 1, 2024, and— (A) the original planning and design for such facility includes installation of carbon capture equipment, or (B) the construction of carbon capture equipment with respect to such facility begins before such date, and (2) which captures— (A) in the case of a facility which emits not more than 500,000 metric tons of carbon dioxide into the atmosphere during the taxable year, not less than 25,000 metric tons of qualified carbon dioxide during the taxable year which is utilized in a manner described in subsection (e)(7), or (B) in the case of a facility not described in subparagraph (A), not less than 100,000