H.R. 9838, also known as the “End Polluter Welfare for Enhanced Oil Recovery Act of 2024,” seeks to amend the Internal Revenue Code of 1986. The bill proposes to eliminate the use of carbon oxide as a tertiary injectant for any project started after its enactment. Additionally, it aims to...
Simple Explanation
The bill wants to stop giving special money rewards to companies that use a certain type of gas to get more oil from the ground, starting after the bill becomes law. It changes some tax rules, which could make it harder for those companies to get extra money help.