The Service's Co-Balancing Act: Final Carbon Capture Credit Regulations Target Broad Taxpayer Implementation and Administrability
The Services Co-Balancing Act: Final Carbon Capture Credit Regulations Target Broad Taxpayer Implementation and Administrability Friday, January 8, 2021 Amid the headline-grabbing events of 6 January 2021, the U.S. Department of Treasury released final regulations under Code 1 Section 45Q. Code Section 45Q provides for a U.S. federal income tax credit at varying rates to taxpayers that participate in various aspects of the process of sequestering carbon oxide and disposing of it in s...
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Source: natlawreview.com