The IRS issued guidance in February 2020 for the Section 45Q tax credit program, which is aimed at supporting carbon capture and sequestration. The guidance reflected comments received by the IRS in response to Notice...more
The global offshore wind market has grown nearly 30 percent per year since 2010 and is projected to be a US$1 trillion industry over the next two decades. Markets around the world are seeing significant increases in offshore...more
Section 45Q Tax Credits Internal Revenue Code Section 45Q provides a tax credit for the sequestration or use of qualified carbon oxides (“COx”), including CO2. Although Section 45Q was enacted in 2008, there was uncertainty...more