Final Regulations Issued Regarding Section 45Q Tax Credits Carbon Oxide Sequestration | Perkins Coie
To embed, copy and paste the code into your website or blog: The U.S. Department of the Treasury and the Internal Revenue Service on January 6, 2021, issued Treasury Decision 9944, providing final regulations relating to Section 45Q tax credits (Regulations). The Regulations provide guidance on the Section 45Q tax credits accrued for certain qualified carbon oxide sequestration activities using qualified equipment. The Regulations—in tandem with a two-year extension of the deadline for the commencement of construction of qualifying carbon capture projects (pursuant to the second COVID-19...
Source: jdsupra.com