; election (1) Applicable dollar amount For purposes of subsection (a)— (A) In general The applicable dollar amount shall be an amount equal to— (i) for taxable years beginning after 2016 and before 2026, the dollar amount established by linear interpolation between $12.83 and $35 for each calendar year during such period, and (ii) for taxable years beginning after 2025, an amount equal to the product of $35 and the inflation adjustment factor for such calendar year determined under section 43(b)(3)(B) for such calendar year, determined by substituting 2024 for 1990 . (B) Rounding The applicable dollar amount determined under subparagraph (A) shall be rounded to the nearest cent. (2) Installation of additional carbon capture equipment on existing qualified facility In the case of a qualified facility placed in service before the date of the enactment of the Carbon Capture Storage Act, for which additional carbon capture equipment is placed in service on or after the date of the enactment of such Act, the amount of qualified carbon dioxide which is captured by the taxpayer shall be equal to— (A) for purposes of paragraphs (1)(A) and (2)(A) of subsection (a), the lesser of— (i) the total amount of qualified carbon dioxide captured at such facility for the taxable year, or (ii) the total amount of the carbon dioxide capture capacity of the carbon capture equipment in service at such facility on the day before the date of the enactment of the Carbon Capture Act, and (B) for purposes of paragraphs (3)(A) and (4)(A) of such subsection, an amount equal to the excess (if any) of— (i) the amount described in subparagraph (A)(i), over (ii) the amount described in subparagraph (A)(ii). (3) Election For purposes of determining the carbon dioxide sequestration credit under this 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