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Carbon Oxide Sequestration Credit (Section 45Q / Section 70522)
Illinois — state programSee program
Credit for qualified carbon oxide captured and stored securely underground. A safe harbor method is provided for reporting and certification for activities occurring during calendar year 2025.
Program details
- Type
- tax-credit
- Eligibility
- Taxpayers capturing and securely storing qualified carbon oxide underground; activities must occur during calendar year 2025 to use the safe harbor.
- Status
- open
- Administrator
- IRS / Treasury
Source: Illinois — state program. Confirm current terms with the administering agency before applying.