Section 45Q Credit for Carbon Oxide Sequestration – Safe Harbor (Calendar Year 2025)

Illinois — state programSee program

Provides a safe harbor method for reporting and certification for taxpayers claiming the Section 45Q carbon capture credit for qualified carbon oxide disposed of in secure geological storage in calendar year 2025.

Program details

Type: tax-credit
Status: open
Administrator: IRS / Treasury
More Info: https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions

Source: Illinois — state program. Confirm current terms with the administering agency before applying.

Find out whether your facility qualifies

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