SECTION 1. PURPOSE

The Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) 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 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. Comments received in response to this notice will help to inform development of future regulations and other guidance implementing § 45Q.