Document Type
Article
Subject Area
Special Section
Abstract
In order to reduce greenhouse gas emissions in the United States, the federal government has provided financial support to incentivize taxpayers to develop and utilize technologies for capturing and storing carbon oxide. In addition to making annual appropriations to the U.S. Department of Energy for carbon capture and storage research, Congress enacted Section 45Q of the Internal Revenue Code to provide qualifying taxpayers with an income tax credit for each metric ton of carbon oxide that is captured and stored or utilized. This Article aims to provide an overview of the history and requirements of Section 45Q and the methods by which the credit may be claimed or otherwise monetized.
DOI
10.59643/1942-9916.1507
Rights
Copyright © 2023 by the WYOMING LAW REVIEW unless otherwise noted. Except as otherwise provided, copies of any article may be made for classroom use, provided that: (1) Copies are distributed at or below cost; (2) The author and the journal are identified; (3) Proper notice of copyright is affixed to each copy, and (4) The WYOMING LAW REVIEW is notified of the use.
Recommended Citation
Girouard, Chris and Glasgow, Tim
(2024)
"Section 45Q Tax Credits For Carbon Capture, Utilization, And Storage Projects,"
Wyoming Law Review: Vol. 24:
No.
2, Article 4.
Available at:
https://scholarship.law.uwyo.edu/wlr/vol24/iss2/4