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TREAS/IRS RIN: 1545-BP42 Publication ID: Spring 2021 
Title: Credit for Carbon Oxide Sequestration 
Abstract:

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.

 
Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 45Q   
Legal Deadline:  None
Timetable:
Action Date FR Cite
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 
Additional Information: 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
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Public Comment URL: https://www.regulations.gov/document?D=IRS-2019-0026-0001  
RIN Data Printed in the FR: No 
Related Agencies: Common: EPA, DOE, DOI; 
Agency Contact:
Maggie M. Stehn
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5110,
Washington, DC 20221
Phone:202 317-4547
Fax:202 317-7868
Email: maggie.m.stehn@irscounsel.treas.gov