Inflation Reduction Act expands the Carbon Capture and Sequestration Tax Credit

Read the full story from Jones Day.

The Inflation Reduction Act of 2022 (the “Act”), signed into law on August 16, 2022, boosts the federal tax incentives for carbon capture projects. The Act increases the amount of the tax credit, eases the requirements for qualifying for the credit, and provides developers with more options for monetizing the credit.

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