Browsing Tag
45Q tax credit
13 posts
Louisiana Carbon Capture Projects Could Unlock $3.5B In Federal Tax Credits
Louisiana ’s industrial heavyweights could be in line for more than $3.5 billion annually in federal tax credits…
Senate Largely Preserves 45Q Credit But Inflation Concerns Emerge
Yesterday the Senate Finance Committee released the highly anticipated reconcilitation text for the overhaul of clean energy tax…
Rep. Scott Perry Proposes Legislation To Eliminate 45Q Tax Credit
On March 6, Representative Scott Perry, a Republican from Pennsylvania, introduced the 45Q Repeal Act, a new bill…
IRS Releases Guidance On Claiming Carbon Sequestration Credits From Inflation Reduction Act
Yesterday the Internal Revenue Service (IRS) shared instructions for taxpayers who want to claim credit for sequestration of…
CapturePoint Closes 45Q Direct Transfer Tax Credit Transaction
CapturePoint LLC announced it has closed on a private Section 45Q direct transfer tax credit transaction for carbon…
Environmental Groups Call Out US Carbon Capture Tax Credit Proposal
More than 100 environmental organizations are opposing a new US legislative proposal aimed at boosting the 45Q tax…
Bipartisan Carbon Capture Parity Act Proposes Tax Credit Increase
US Senators Sheldon Whitehouse (D-RI) and Bill Cassidy (R-LA) introduced on Feb 28th the Captured Carbon Utilization Parity…
New Analysis Claims 90% Of 45Q Credits Were Based On Fraud
A new analysis from Taxpayers for Common Sense says that almost 90% of 45Q tax credits from 2010…
Planned Capacity of CO2 Capture Almost 1 Billion Tonnes
The planned capacity of carbon capture, utilization and storage (CCUS) globally totals 905 million tonnes per annum, with…
Bill Introduced To Deny Carbon Credits For Oil Recovery
Lawmaker Ro Khanna introduced a bill that suggests denying investors carbon credits if they intend to use carbon…