CARBON MANAGEMENT ALLIANCE (FORMERLY CALLED ENERGY ADVANCE CENTER)

ENG · Energy/Nuclear

Tax issues including Section 45Q and Section 38 General Business Tax Credits pertaining to CCUS. Statutory and regulatory improvements to facilitate broad and expeditious implementation of CCUS technology and related CO pipelines in the US reflected in the provisions of the reconciliation, "Inflation Reduction Act of 2022" (PL 117-169) and infrastructure bills. Permitting reform legislation relating to EPA UIC Class VI wells, including improvements in EPA permitting for Class VI wells and EPAs expedition of consideration of applications for Class VI primacy for states under EPAs UIC program; Assessment of implications for continued eligibility of geologic sequestration projects for 45Q tax credits due to EPA proposed repeal of Subpart RR of its GHG Reporting Regulations.

ENV · Environment/Superfund

Tax issues including Section 45Q and Section 38 General Business Tax Credits pertaining to CCUS. Statutory and regulatory improvements to facilitate broad and expeditious implementation of CCUS technology and related CO pipelines in the US reflected in the provisions of the reconciliation, "Inflation Reduction Act of 2022" (PL 117-169) and infrastructure bills. Permitting reform legislation relating to EPA UIC Class VI wells, including improvements in EPA permitting for Class VI wells and EPAs expedition of consideration of applications for Class VI primacy for states under EPAs UIC program. ; Assessment of implications for continued eligibility of geologic sequestration projects for 45Q tax credits due to EPA proposed repeal of Subpart RR of its GHG Reporting Regulations.

TAX · Taxation/Internal Revenue Code

Tax issues including Section 45Q and Section 38 General Business Tax Credits pertaining to CCUS; ; implementation of and guidance on related provisions enacted in PL 119-21. Guidance related to Section 45Q provisions amended in, "Inflation Reduction Act of 2022" (PL 117-169); Assessment of implications for continued eligibility of geologic sequestration projects for 45Q tax credits due to EPA proposed repeal of Subpart RR of its GHG Reporting Regulations.