1545-BP42 202104 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Credit for Carbon Oxide Sequestration

This final rule provides guidance regarding the credit for carbon oxide sequestration under section 45Q of the Internal Revenue Code (Code). The regulations affect persons who physically or contractually ensure the capture and disposal of qualified carbon oxide, use of qualified carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, or utilization of qualified carbon oxide in a manner that qualifies for the credit.

]]> Economically Significant Previously Published in The Unified Agenda Completed Actions Yes No 26 CFR 1 26 U.S.C. 7805 26 U.S.C. 45Q No NPRM 06/02/2020 85 FR 34050 Notice of Public Hearing 07/22/2020 85 FR 44246 NPRM Comment Period End 08/03/2020 Outline Period End 08/26/2020 Final Action 01/15/2021 86 FR 4728 Final Action Effective 01/15/2021 REG-112339-19 Drafter attorney: Maggie Stehn (202) 317-4547 Reviewer attorney: David Selig (202) 317-5105 Treasury attorney: Hannah Hawkins (202) 622-3351 CC:PSI No No None No https://www.regulations.gov/document?D=IRS-2019-0026-0001 No No 2000 Environmental Protection Agency EPA Common 1900 Department of Energy DOE Common 1000 Department of the Interior DOI Common Maggie Stehn M. Senior Counsel 1545 Internal Revenue Service IRS 202 317-4547 202 317-7868 maggie.m.stehn@irscounsel.treas.gov 1111 Constitution Avenue NW., Room 5110, Washington DC 20221