The Infrastructure Investment & Jobs Act (IJA) was passed by Congress and signed into law on November 20, 2021, including the Carbon Capture Improvement Act (S.1829) which established eligibility for CCUS and DAC technologies to receive private activity bond (PAB) financing under the tax-exempt provisions of Internal Revenue Code Section (IRC) 142. Section 146 provides that PABs for qualified carbon dioxide capture facilities can receive a 75% exemption from the state volume cap. If you are interested in learning more about this exemption, please use the form here.
Gulf Coast Authority (GCA) and Gulf Coast Industrial Development Authority (GCIDA) are committed to providing a robust bond financing program that supports public and private governmental financing services. Our goal is to serve your financing needs and bring your project to completion. GCA provides conduit bond financing services through the issuance of tax-exempt or taxable bonds. Since 1969, we have issued more than $3.5 billion of Private Activity Bonds (PABs) within the State of Texas.
- Farner and Peden Appointed to Gulf Coast Authority Board of Directors October 18, 2022
- Harris County Mayors Appoint Swanson to Gulf Coast Authority Board of Directors September 15, 2022
- Gulf Coast Authority Recognized with Prestigious Water Heroes Award August 29, 2022
- S&P Global Affirms ‘AA-’ Rating for Gulf Coast Authority February 17, 2022
Gulf Coast Authority
910 Bay Area Blvd.
Houston, TX 77058
Phone: (281) 488-4115