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Carbon Oxide Sequestration Credit (Section 45Q) Safe Harbor (Section 70522)
Illinois — state programSee program
Provides guidance and a safe harbor method for taxpayers to qualify for the Section 45Q Carbon Oxide Sequestration Credit for qualified carbon oxide captured and stored securely underground. Covers activities occurring during calendar year 2025.
Program details
- Type
- tax-credit
- Eligibility
- Taxpayers capturing and storing qualified carbon oxide securely underground during calendar year 2025.
- Status
- open
- Administrator
- IRS
Source: Illinois — state program. Confirm current terms with the administering agency before applying.