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
The IRS has issued Notice 2020-18, permitting taxpayers to delay until July 15, 2020, the filing of federal income tax returns and the payment of federal income taxes that would otherwise be due April 15, 2020.
Federal...more
The Internal Revenue Service has provided for a measure of relief to individuals and businesses that have been impacted by Hurricane Harvey. As described in Information Release-2017-135, the relief extends the deadline to...more