IRA Energy Tax Credits - Fact Sheet

Section 45Q: Carbon Oxide Sequestration Credit

Jun 20, 2024 | 35 sec read | Print Article

Carbon capture and sequestration (CCS) is a process that captures carbon emissions from large industrial sources, such as power plants and factories, and stores or utilizes them to prevent their entering the atmosphere. The 45Q tax credit encourages the deployment of CCS projects by functioning as a production tax credit for every metric ton of carbon oxide captured and stored.

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