← All states
Carbon Oxide Sequestration Credit (Section 45Q / Section 70522)
Illinois — state programSee program
Provides guidance on how taxpayers can qualify for the carbon capture credit (Section 45Q). Applies to qualified carbon oxide captured and stored securely underground, covering activities during calendar year 2025, with a safe harbor method for reporting and certification.
Program details
- Type
- tax-credit
- Eligibility
- Taxpayers capturing and securely storing qualified carbon oxide underground during calendar year 2025.
- Status
- open
- Administrator
- IRS / U.S. Treasury
Source: Illinois — state program. Confirm current terms with the administering agency before applying.