3 Lingering Concerns About The Carbon Capture Tax Credit

By Joshua Rosenberg (February 25, 2021, 4:52 PM EST) -- The IRS has released final regulations on the newly revised carbon capture tax credit, which provides for a tax credit of up to $50 per metric ton of carbon captured in qualified facilities, but practitioners still have some unanswered questions about it. 

The tax code provides for three ways taxpayers can qualify for a carbon capture tax credit: by sequestration of extracted carbon, by enhanced oil recovery through captured carbon or by utilization, in which carbon is used commercially.  (AP Photo/Rogelio V. Solis) Internal Revenue Code Section 45Q is intended to reduce atmospheric greenhouse gases that contribute to climate change by encouraging companies to seize...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!