Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Code Section 45Q

Our knowledgeable tax and energy lawyers are pleased to share their detailed analysis of the material changes to the credits under Section 45Q and taxpayers’ ability to monetize such credits. This summary includes perspectives on:

• extension of the deadline for the start of construction requirement
• reduction of the minimum carbon oxide capture threshold
• increase in the rate of the Section 45Q credits, including the prevailing wage and apprenticeship requirements
• elections to claim Section 45Q credits as deemed cash payments for taxes eligible for refund and to transfer Section 45Q credits for cash in a non-taxable transaction

Please fill out the form to the right to view Bracewell’s exclusive Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Code Section 45Q.