Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
carbon capture
carbon sequestration carbon utilization |
| gptkbp:benefit |
power plants
industrial facilities carbon capture project developers |
| gptkbp:codifiedIn |
Internal Revenue Code Section 45Q
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:creditAmount |
varies by project type and year
|
| gptkbp:creditAmount2022 |
up to $60 per metric ton for utilization
up to $85 per metric ton for geologic storage up to $180 per metric ton for direct air capture and storage |
| gptkbp:dateEnacted |
2008
|
| gptkbp:duration |
12 years from project start
|
| gptkbp:eligibilityThreshold |
minimum annual CO2 capture
|
| gptkbp:enactedBy |
gptkb:U.S._Congress
|
| gptkbp:expansion |
gptkb:Inflation_Reduction_Act_of_2022
gptkb:Bipartisan_Budget_Act_of_2018 |
| https://www.w3.org/2000/01/rdf-schema#label |
U.S. 45Q Tax Credit
|
| gptkbp:incentivizes |
direct air capture
carbon dioxide storage carbon dioxide utilization |
| gptkbp:purpose |
reduce greenhouse gas emissions
promote carbon management technologies |
| gptkbp:relatedTo |
U.S. climate policy
|
| gptkbp:reportsTo |
annual IRS filing
|
| gptkbp:stackableWith |
other federal incentives
|
| gptkbp:transferability |
allowed under Inflation Reduction Act of 2022
|
| gptkbp:verdict |
gptkb:EPA_Greenhouse_Gas_Reporting_Program
|
| gptkbp:bfsParent |
gptkb:Carbon_Utilization
|
| gptkbp:bfsLayer |
7
|