On November 4, 2022, TCS submitted public comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to “Elective Payment of Applicable Credits and Transfer of Certain Credits” (Notice 2022-50), particularly changes made to the credit for carbon oxide sequestration determined under § 45Q in the FY 2022 budget reconciliation bill, commonly referred to as the Inflation Reduction Act (IRA).
TCS’s comments to Treasury/IRS can be downloaded here or read below.
Comments
TCS Comments on Elective Payment and Transfer of Certain Energy Credits
Implementation of the 45Q Carbon Capture Credit Could Cost Taxpayers More Without Strong Actions by the IRS
On November 4, 2022, TCS submitted public comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to “Elective Payment of Applicable Credits and Transfer of Certain Credits” (Notice 2022-50), particularly changes made to the credit for carbon oxide sequestration determined under § 45Q in the FY 2022 budget reconciliation bill, commonly referred to as the Inflation Reduction Act (IRA).
TCS’s comments to Treasury/IRS can be downloaded here or read below.
Share This Story!
Related Posts
Fact-checking Chris Wright on energy
Comments on Delay of EPA Rule to Curb Methane Waste
Comments on EPA Proposal to Repeal Greenhouse Gas Reporting Program
Federal oil and gas sale commences with new, lower royalty rates
Oil and gas leases earn $22.8 million, but some taxpayers doubt benefits
Oil and gas lease sales across four states net $22.8M
Most Read
Recent Content
Podcast
BWAF Podcast — Ep. 100: TCS Turns 30
Fact Sheet
The USDA Charter Act is Fiscally Irresponsible
Weekly Wastebasket
The Crescendo of Shutdown Politics
Comments
Comments on Delay of EPA Rule to Curb Methane Waste
Stay up to date on our work.
Sign up for our newsletter.
"*" indicates required fields