← All states
Carbon Oxide Sequestration Credit (45Q)
Illinois — state programSee program
A federal tax credit for qualified carbon oxide captured and stored securely underground. The One Big Beautiful Bill provides guidance on how taxpayers can qualify, including a safe harbor method for reporting and certification covering activities during calendar year 2025.
Program details
- Type
- tax-credit
- Eligibility
- Taxpayers capturing and storing qualified carbon oxide in secure geological storage during calendar year 2025
- Status
- open
- Administrator
- IRS / Treasury
Source: Illinois — state program. Confirm current terms with the administering agency before applying.