Carbon Capture Coalition: The Facts - There is Robust Regulatory Oversight for 45Q
September 14, 2024
September 14, 2024
WASHINGTON, Sept. 14 -- The Carbon Capture Coalition issued the following statement on Sept. 13, 2024:
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This statement may be attributed to Carbon Capture Coalition executive director Jessie Stolark in light of recent press reports on 45Q:
"The federal Section 45Q tax credit is regulated by one of the most rigorous, transparent reporting mechanisms in existence in the US tax code, and as a matter of law and design, it cannot be used as a subsidy . . .
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This statement may be attributed to Carbon Capture Coalition executive director Jessie Stolark in light of recent press reports on 45Q:
"The federal Section 45Q tax credit is regulated by one of the most rigorous, transparent reporting mechanisms in existence in the US tax code, and as a matter of law and design, it cannot be used as a subsidy . . .