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