Carbon Capture Coalition Delivers Testimony at Internal Revenue Service Hearing on 45Q

Carbon Capture Coalition Public Policy and Member Relations Manager Jessie Stolark delivered testimony to the Internal Revenue Service (IRS) at the “Credit for Carbon Oxide Sequestration” public hearing today. Her testimony is focused on the IRS’ final proposed rule and three important areas that Coalition members chose to remark on in their July 2020 comments regarding the effective implementation of the 45Q tax credit. These three are: secure geologic storage, credit recapture, and various definitions.

Click here to read the Coalition’s testimony.

Click here to read a statement from Coalition Director, Brad Crabtree on the Coalition’s July 2020 comments.