Bloomberg Tax
Feb. 20, 2020, 9:10 PMUpdated: Feb. 20, 2020, 10:27 PM

Carbon Capture Investors Say IRS Guidance Isn’t Enough (1)

Allyson Versprille
Allyson Versprille

Some carbon capture projects will continue to stall, because while the IRS has answered some of investors’ and developers’ most-pressing questions, plenty still remain.

The IRS plans to issue additional guidance in the “near future” after it took the first step with a notice and a revenue procedure. That could especially benefit companies like Naturcycle LLC that are looking for the IRS to clarify how they can claim tax credits if they’re capturing carbon dioxide from the atmosphere and using it to create products like compost, cement, or plastic.

That’s an area where the IRS needs to develop “rules ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.