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On Tuesday, August 16, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law, which includes material changes to various sections of the Internal Revenue Code of...
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’s alert available here. In 2020, the IRS also issued Notice 2020-12 (the Notice), providing ...
To embed, copy and paste the code into your website or blog: 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’s alert available here. In 2020, the IRS also issued Notice 2020-12 (the No...