Carbon Sequestration under the Internal Revenue Code

“The Carbon Sequestration Tax Credit under Section 45Q provides a significant incentive to power generators to claim up to $20 per ton of carbon that they capture and safely store in an approved facility.  For a typical 1000 Megawatt Power Generation Facility that creates 3,500,000 tons of carbon per year – the credit can generate up to $70M of tax credits for the power generator,” says Ray Dinning, JD, LLM (taxation).

This represents a significant commitment by the government to promote carbon reduction which can help keep our earth a cleaner and healthier place.  For information, call Ray Dinning at 757.232.2619.


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