Carbon Capture Tax Credit Extended and Modified
New rules change tax credits for companies capturing carbon dioxide. They extend the deadline for starting facility construction until 2032 and modify the amount of carbon that needs to be captured to qualify for the credit. The law also increases the credit amount for facilities that capture carbon directly from the air, aiming to encourage emission reductions.
Key points
Extends the deadline for starting construction of carbon capture facilities eligible for tax credits until 2032.
Changes the minimum amounts of carbon dioxide facilities must capture to qualify for the tax credit.
Increases the tax credit amount for facilities that capture carbon dioxide directly from the air.
Expired
Citizen Poll