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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

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Law Commons

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