Sec. 40301. FINDINGS
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/statute-compilations/comps-16776/sec-40301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 40301 FINDINGS **[**[42 U.S.C. 16292 note](/us/usc/t42/s16292)**]** Congress finds that— ####
(1)the industrial sector is integral to the economy of the United States— #####
(A)providing millions of jobs and essential products; and #####
(B)demonstrating global leadership in manufacturing and innovation; ####
(2)carbon capture and storage technologies are necessary for reducing hard-to-abate emissions from the industrial sector, which emits nearly 25 percent of carbon dioxide emissions in the United States; ####
(3)carbon removal and storage technologies, including direct air capture, must be deployed at large-scale in the coming decades to remove carbon dioxide directly from the atmosphere; ####
(4)large-scale deployment of carbon capture, removal, utilization, transport, and storage— #####
(A)is critical for achieving mid-century climate goals; and #####
(B)will drive regional economic development, technological innovation, and high-wage employment; ####
(5)carbon capture, removal, and utilization technologies require a backbone system of shared carbon dioxide transport and storage infrastructure to enable large-scale deployment, realize economies of scale, and create an interconnected carbon management market; ####
(6)carbon dioxide transport infrastructure and permanent geological storage are proven and safe technologies with existing Federal and State regulatory frameworks; ####
(7)carbon dioxide transport and storage infrastructure share similar barriers to deployment previously faced by other types of critical national infrastructure, such as high capital costs and chicken-and-egg challenges, that require Federal and State support, in combination with private investment, to be overcome; and ####
(8)each State should take into consideration, with respect to new carbon dioxide transportation infrastructure— #####
(A)qualifying the infrastructure as pollution control devices under applicable laws (including regulations) of the State; and #####
(B)establishing a waiver of ad valorem and property taxes for the infrastructure for a period of not less than 10 years.
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