A new tax credit is proposed to calculate a fuel’s emissions factor based on its full carbon life cycle of production.
Notices 2025-10 and 2025-11 (Notices), released on January 10, 2025, outline the intention of the...more
2/10/2025
/ Carbon Emissions ,
Clean Energy ,
Energy Projects ,
Fuel Standards ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Rules ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
The final regulations adopt the general framework established in the proposed regulations issued in December 2023, but with several significant modifications....more
In a new Revenue Ruling, the IRS addresses the scope, ownership, and placed-in-service date for carbon capture equipment.
Key Points:
..Developers adding carbon capture equipment to an existing industrial facility now...more
IRS seeks comments on key technical questions under the 45Q Credit regime that should spur industry growth.
Key Points:
..The 45Q Credit, which was significantly broadened in 2018, provides a tax credit for each metric...more
Proposed regulations seek to provide rules for determining MLP qualifying income from certain activities and services performed with respect to minerals or natural resources.
On May 5, 2015, the Internal Revenue...more