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IRS Finalizes Rule Implementing Key Tax Credit For Carbon Capture

January 7, 2021
The IRS has completed long-awaited regulations implementing a key federal tax credit for carbon capture and storage (CCS) projects, a move that supporters of the technology say will unlock significant private investment in an area many experts see as critical in addressing climate change. The rule , released Jan. 6 ahead of publication in the Federal Register , comes after Congress in its omnibus spending and policy package enacted late last year extended the eligibility for the so-called “45Q” credit...

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