Carbon Capture, Utilization and Sequestration Tax Benefits Under the Proposed Inflation Reduction Act
By EsqSocial Corporation 06/08/22
On July 27, 2022, Senate Majority Leader Chuck Schumer (D-NY) and Senator and Energy and Natural Resources Chair Joe Manchin (D-WV) announced an agreement on a proposed reconciliation package called the Inflation Reduction Act of 2022, HR 5376, 117th Cong. (Act). The included tax credits and benefits related to Carbon Capture, Utilization and Storage (CCUS) projects represent some of the most notable and impactful aspects of the proposed Act......
By: McDermott Will & Emery