The One Big Beautiful Bill Act (the “OBBBA”) modifies the federal income tax credit for carbon oxide sequestration. Such tax credit, in place since 2008, was previously increased by the Inflation Reduction Act of 2022....more
7/22/2025
/ Carbon Capture and Sequestration ,
Clean Energy ,
Energy Projects ,
Energy Sector ,
Environmental Policies ,
Foreign Entities ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Credits
President Joe Biden is set to sign into law the Inflation Reduction Act of 2022 (the “Act”), which is estimated to reduce greenhouse gas emissions by around 40% by 2030 and to invest $369 billion in energy security and...more