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