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The U.S. Internal Revenue Service and the U.S. Treasury Department proposed regulations (REG-112339-19)

2020
Regulation
Federal Regulation
Carbon Dioxide Removal → Direct Air Capture
Carbon Capture, Utilization and Storage → Carbon Capture and Storage
Enhanced Oil Recovery
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Summary/Abstract

This document contains proposed regulations regarding the credit for carbon oxide sequestration under section 45Q of the Internal Revenue Code (Code). These proposed regulations will affect persons who physically or contractually ensure the capture and disposal of qualified carbon oxide, use of qualified carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, or utilization of qualified carbon oxide in a manner that qualifies for the credit.

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