Final Carbon Capture Tax Credit Rules Near Public Release

Final IRS rules for an expanded tax credit for removing carbon from the air moved closer to public release, as the White House finished its review of the regulations.

The credit, under tax code Section 45Q, was expanded by an early-2018 budget law, and the deadline for developers to qualify was pushed back two years by the new Covid relief law.

• The Office of Information and Regulatory Affairs finished its review on Dec. 31, according to its website, after starting the process on Dec. 23.
• The IRS issued the proposed version ...