Sec. 112016. Income from hydrogen storage, carbon capture added to qualifying income of certain publicly traded partnerships treated as corporations
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Section 7704(d)(1)(E) is amended— by striking income and gains derived from the exploration and inserting income and gains derived from— the exploration , by inserting or before industrial source , and by striking , or the transportation or storage and all that follows and inserting the following: the transportation or storage of— any fuel described in subsection (b), (c), (d), (e), or
(k)of section 6426, or any alcohol fuel defined in section 6426(b)(4)(A) or any biodiesel fuel as defined in section 40A(d)(1) or sustainable aviation fuel as defined in section 40B(d)(1), or liquified hydrogen or compressed hydrogen, or in the case of a qualified facility (as defined in section 45Q(d), without regard to any date by which construction of the facility is required to begin) not less than 50 percent of the total carbon oxide production of which is qualified carbon oxide (as defined in section 45Q(c))— the generation, availability for such generation, or storage of electric power at such facility, or the capture of carbon dioxide by such facility, . The amendments made by this section shall apply to taxable years beginning after December 31, 2025.