The Internal Revenue Service (IRS) issued new guidance regarding Section 45Q tax credits (Revenue Ruling 2021-13). The IRS guidance addresses the application of Section 45Q of the Internal Revenue Code of 1986 and the capture...more
When the Bipartisan Budget Act of 2018 was passed into law, it expanded the ยง45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and...more
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...more