1. Short title This Act may be cited as the Carbon Capture Act . 2. Extension of enhanced carbon dioxide sequestration credit (a) In general Section 45Q of the Internal Revenue Code of 1986 is amended to read as follows: 45Q. Credit for carbon dioxide sequestration (a) General rule For purposes of section 38, the carbon dioxide sequestration credit for any taxable year is an amount equal to the sum of— (1) $20 per metric ton of qualified carbon dioxide which is— (A) captured by the taxpayer using carbon capture equipment which is originally placed in service at a qualified facility before the date of the enactment of the Carbon Capture Act, and (B) disposed of by the taxpayer in secure geological storage and not used by the taxpayer as described in paragraph (2)(B), (2) $10 per metric ton of qualified carbon dioxide which is— (A) captured by the taxpayer using carbon capture equipment which is originally placed in service at a qualified facility before the date of the enactment of the Carbon Capture Act, and (B) (i) used by the taxpayer as a tertiary injectant in a qualified enhanced oil or natural gas recovery project and disposed of by the taxpayer in secure geological storage, or (ii) utilized by the taxpayer in a manner described in subsection (e)(7), (3) the applicable dollar amount per metric ton of qualified carbon dioxide which is— (A) 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, during the 15-year period beginning on the date the equipment was originally placed in service, and (B) disposed of by the taxpayer in secure geological storage and not used by the taxpayer as described in paragraph (4)(B), and (4) the applicable dollar amount per metric ton of qualified carbon dioxide which is— (A) 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