News & Analysis as of

Greenhouse Gas Emissions Bipartisan Budget Act

Eversheds Sutherland (US) LLP

Ready, Set, Sequester? An updated guide to the Section 45Q Carbon Capture and Sequestration Credit Guidance

Section 45Q, as amended by the Bipartisan Budget Act of 2018 (BBA), provides a substantial tax credit for the capture and sequestration of carbon dioxide and other carbon oxides. Taxpayers have been awaiting guidance from the...more

McGuireWoods LLP

Carbon Sequestration Tax Credits - IRS Requests Comment on Section 45Q Regulations

McGuireWoods LLP on

In February 2018, the tax credit for carbon capture and sequestration under Section 45Q of the Internal Revenue Code (the carbon sequestration credit) received a significant boost from Congress in the Bipartisan Budget Act of...more

Eversheds Sutherland (US) LLP

IRS requests comments on section 45Q carbon sequestration credit in Notice 2019-32

On May 2, 2019, the Internal Revenue Service (IRS) released Notice 2019-32 (Notice) requesting comments on anticipated regulations and other guidance under section 45Q of the Internal Revenue Code. Section 45Q was originally...more

Akin Gump Strauss Hauer & Feld LLP

What's New In Washington - April 2018

Congress returned from its spring recess with a host of issues to address—trade, Trump administration nominations and opioid legislation sitting atop the priority list. Given the ongoing data scandal at Facebook, privacy...more

Mintz - Energy & Sustainability Viewpoints

Energy and Environmental Legislative Updates for Fall 2016

The House of Representatives and Senate returned September 6 from the long August recess that started in mid-July. The House is scheduled to be in session for four weeks and the Senate for five weeks before breaking again for...more

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