SECTION 3. DEFINITIONS — Internal Revenue Bulletin 2020-11

.01 Qualified Carbon Oxide .

(1) Section 45Q(c)(1) defines “qualified carbon oxide” as—

(a) any carbon dioxide that is captured from an industrial source by carbon capture equipment that is originally placed in service before the date of the enactment of the BBA, would otherwise be released into the atmosphere as an industrial emission of greenhouse gas or lead to such release, and is measured at the source of capture and verified at the point of disposal, injection, or utilization,

(b) any carbon dioxide or other carbon oxide that is captured from an industrial source by carbon capture equipment that is originally placed in service on or after the date of the enactment of the BBA, would otherwise be released into the atmosphere as an industrial emission of greenhouse gas or lead to such release, and is measured at the source of capture and verified at the point of disposal, injection, or utilization, or

(c) in the case of a direct air capture facility, any carbon dioxide that is captured directly from the ambient air, and is measured at the source of capture and verified

Beginning of Construction for the Credit for Carbon Oxide Sequestration under Section 45Q