N-2019-32: Request for Comments on Credit for Carbon Oxide Sequestration

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May 2, 2019

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Issue Number: N-2019-32

Inside This Issue

Notice 2019-32 requests general comments on issues arising under § 45Q, as well as specific comments concerning the secure geological storage and measurement of qualified carbon oxide, the recapture of the benefit of the credit for carbon oxide sequestration, and other issues described in section 3 of this notice. The Department of the Treasury and the Internal Revenue Service anticipate issuing regulations and other guidance to implement the provisions of § 45Q of the Internal Revenue Code, as amended by Section 41119 of the Bipartisan Budget Act of 2018 (BBA), Pub. L. No. 115-123 (February 9, 2018). This notice

Notice 2019-32 will be in IRB 2019-21, dated May 20, 2019.

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