On May 28, 2020, the Internal Revenue Service (“IRS”) issued a long-awaited proposal governing how companies can claim federal tax credits for carbon oxides, including carbon dioxide (“CO2”), storage under section 45Q of the federal tax code. The proposed rule impacts those who physically or contractually ensure the capture and disposal of qualified carbon oxide, … Continue reading "45Q Carbon Storage Tax Credit Regulations Proposed"
Texas Title V permits will now incorporate permit by rule (PBR) requirements. Beginning August 1, 2020, all site operating permit (SOP) and general operating permit (GOP) applications for initial and renewal projects, and significant revisions more than two years from renewal will be required to include the new Permits by Rule Supplemental Table (Form OP-PBRSUP). … Continue reading "Permits by Rule Supplemental Table for Texas Title V Permits"