SECTION 4. TAX CREDIT

UTILIZATION

Section 6 of Notice 2009-83, 200944 I.R.B. 588, requires taxpayers to file annual reports that provide (among other information) the amount (in metric tons) of qualified carbon oxide for the taxable year that has been taken into account for purposes of claiming the § 45Q credit under § 45Q(a)(1) and (2). The annual reports must be filed with the Internal Revenue Service (IRS) not later than the last day of the second calendar month following the month during which the tax return on which the § 45Q credit under § 45Q(a)(1) and (2) is claimed was due (including extensions).

Bulletin No. 2022–39 239 September 26, 2022

Pursuant to § 45Q(g), as amended on August 16, 2022, by § 13104(f) of the IRA, 2022 will be the final calendar year for which a taxpayer may claim a § 45Q credit under § 45Q(a)(1) and (2) for qualified carbon oxide that is captured by carbon capture equipment originally placed in service at a qualified facility before the date of enactment of the BBA.

Accordingly, 2022 will be the final calendar year for which a taxpayer must file a report under section 6 of Notice 2009-83.