Summary of Guidance on Section 45Q Carbon Tax Credits Under 2020 Notice and Revenue Procedure By Margaret J. Weil, Philip R. Weingold, James O. Lang & Andrew W. Scher on March 4, 2020 Posted in carbon emissions, Environment, Federal, GT Alert, Legislation, Natural Resources, Oil & Gas, Tax On Feb. 19, 2020, the IRS released Notice 2020-12 and Revenue Procedure 2020-12 (together, the “Carbon Guidance”) which provide highly anticipated clarity on the Internal Revenue Code Section 45Q credit… Continue Reading Summary of Guidance on Section 45Q Carbon Tax Credits Under 2020 Notice and Revenue Procedure
