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IRS guidance expands the scope of the Section 45Q carbon capture tax credit to include Enhanced Oil and Gas Recovery projects.

1 report, 1 independent Updated Aug 14

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Internal Revenue Service

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The entities involved

Internal Revenue Service
US agency administering IRA tax credits (Sections 45Y, 48E, 6417, 6418) material to Vineyard Wind 1 and Avangrid's onshore portfolio.
- Donald Trump sued the IRS over a tax return leak, while a judge in Alexandria blocked a ruling affecting a Trump fund.Sun 22:45
- The IRS administers tax credits for U.S. energy projects, relying on models developed by Argonne National Laboratory.Sun 17:38

Related events

The IRS is issuing guidance regarding the Section 45Z clean fuels production tax credit, offering safe harbor for on-farm practices relevant to biofuel producers and farmers.Sep 10

Coverage

Newest first; wire copies grouped

Aug 14enr.com