Full Title: The Tax Credit for Carbon Sequestration (Section 45Q)
Author(s): Angela C. Jones, Molly F. Sherlock
Publisher(s): Congressional Research Service
Publication Date: June 8, 2021
Full Text: Download Resource
Description (excerpt):
Carbon capture and sequestration (CCS) technologies are being proposed as an option to reduce greenhouse gas (GHG) emissions from coal- and natural-gas-fired power plants, as well as other large industrial sources. The tax credit for carbon oxide sequestration (Internal Revenue Code [IRC] Section 45Q) is intended to incentivize investment in carbon capture and sequestration.