before January 1, 2021, multiplied by (ii) an amount equal to the quotient of— (I) the metric tons of qualified carbon dioxide captured by the taxpayer during such taxable year using qualified carbon capture and sequestration equipment installed at such facility and— (aa) pursuant to any regulations established under paragraph (2) of section 45Q(f), disposed of by the taxpayer in secure geological storage, or (bb) utilized by the taxpayer in a manner described in paragraph (5) of such section, divided by (II) an amount equal to the sum of— (aa) the amount determined under subclause (I), plus (bb) the metric tons of carbon dioxide emitted into the atmosphere by such facility during such taxable year. (2) Definitions In this subsection: (A) Qualified carbon capture and sequestration equipment The term qualified carbon capture and sequestration equipment means property described under paragraph (2) of section 48D(c) (without regard to subparagraph (F) of such paragraph) with respect to which no credit has been allowed under section 45Q. (B) Qualified carbon dioxide The term qualified carbon dioxide has the same meaning given such term under paragraph (3) of section 48D(c). (d) Inflation adjustment (1) In general In the case of a calendar year beginning after 2020, the 1.5 cent amount in clause (i) of subsection (a)(2)(A) shall be adjusted by multiplying such amount by the inflation adjustment factor for the calendar year in which the sale or use of the electricity occurs. If any amount as increased under the preceding sentence is not a multiple of 0.1 cent, such amount shall be rounded to the nearest multiple of 0.1 cent. (2) Annual computation The Secretary shall, not later than April 1 of each calendar year, determine and publish in the Federal Register the inflation adjustment factor for such calendar year in accordance with this subsection. (3) Inflation adjustment factor The term inflation adjustment factor means, with respect to a calendar year, a fraction the numerator of which is the GDP implicit price