If implemented properly, these credits will incentivize private investment in deploying technology and storage techniques that are vital to reducing fossil fuel emissions.
Show this thread
Over a year after the enactment of the Bipartisan Budget Act, the IRS took a long overdue step toward implementing carbon capture tax credits yesterday, officially requesting public comment on rules for implementing these credits.
My statement
pic.twitter.com/XkaYqYvGLk
-
-
-
However, if this credit is going to successfully encourage funding, it must be applicable to producers across the nation, not just a select few.
Show this thread -
I recently wrote a letter to
@USTreasury Secretary@stevenmnuchin1 and IRS Commissioner Charles Rettig urging them to enact these reforms quickly and properly.pic.twitter.com/0IzJnqCqSx
Show this thread -
I will continue to work with the administration on this issue, and I urge stakeholders to make their views known to the IRS:https://www.regulations.gov
Show this thread
End of conversation
New conversation -
-
-
soybeans.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.