IRS Issues Final Regulations On Section 45Q Carbon Capture Credits - Tax
To print this article, all you need is to be registered or login on Mondaq.com. The U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department ("Treasury") have issued final regulations (T.D. 9944) (the "Final Regulations") providing additional guidance on several aspects of the income tax credit for the capture of qualified carbon oxide (CO) under section 45Q of the Internal Revenue Code of 1986, as amended (the "Code"). 1 By largely adopting the proposed regulations released on May 28, 2020 (REG -112339-19) (the "Proposed Regulations"), discussed in our cli...
Source: mondaq.com