Final Regulations on 45Q Carbon Capture Credits Released
Thursday, January 28, 2021 On January 6, 2021, the Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) under section 45Q of the Internal Revenue Code of 1986, as amended (Section 45Q), which allows a credit for carbon oxide sequestration (the Section 45Q Credit). The Final Regulations amend and clarify the proposed regulations under Section 45Q (the Proposed Regulations) released on May 28, 2020, described in Bracewell...
Revenue Service Department Of Energy International Organization For Standardization Department Of The Treasury Internal Revenue Service Final Regulations
Source: natlawreview.com