The Post-Inflation Reduction Act 45Q Tax Credit: Maximizing and Monetizing 45Q
16th November 2022
The enacted Inflation Reduction Act includes critical provisions for enhancing IRS Section 45Q. The enhancements involve lowering the carbon capture threshold and increasing tax credits, direct pay, and transferability. So what is next, and how will the enhancements incentivize CCS deployment? Are the enhanced provisions game-changing for the deployment of CCS technology?
On Friday, October 28th, the Global CCS Institute did a 60-minute webinar that delved into these topics while exploring the monetization of the 45Q enhancements. In addition, it featured a panel of experts specializing in credit-maximizing structures, CCS project development, finance structuring, and regulatory analyses.
Barbara de Marigny, Partner, Baker Botts LLP
Ben Reiter, Associate at Nixon Peabody LLP
Ellen Friedman, Partner, Global Projects Practice, at Baker Botts LLP
Matt Kittell, Managing Investment Officer, Loan Program Office, at the U.S. Department of Energy
Michael L. Platner, Senior Tax Counsel, at Van Ness Feldman LLP