qualified carbon dioxide
Defined in 2 places across 2 titles of the United States Code.
The term "qualified carbon dioxide" includes the initial deposit of captured carbon dioxide used as a tertiary injectant.
Source
- 2020–present42 U.S.C. § 16298dThe Public Health and Welfare · Carbon removal · in this section
The term "qualified carbon dioxide" means any carbon dioxide that—
(I) is captured directly from the ambient air; and
(II) is measured at the source of capture and verified at the point of disposal, injection, or utilization.
Source
- 2020–present42 U.S.C. § 16298dThe Public Health and Welfare · Carbon removal · in this section
The term “qualified carbon dioxide” means carbon dioxide captured from an industrial source which—
(A) would otherwise be released into the atmosphere as industrial emission of greenhouse gas,
(B) is measured at the source of capture and verified at the point of disposal or utilization, and
(C) is captured and disposed or utilized within the United States (within the meaning of section 638(1)) or a possession of the United States (within the meaning of section 638(2)).
Source
- 2026–present26 U.S.C. § 45YInternal Revenue Code · Clean electricity production credit · for purposes of this section
The term "qualified carbon dioxide" means carbon dioxide captured from an industrial source which—
(A) would otherwise be released into the atmosphere as industrial emission of greenhouse gas,
(B) is measured at the source of capture and verified at the point of disposal or utilization, and
(C) is captured and disposed or utilized within the United States (within the meaning of section 638(1)) or a possession of the United States (within the meaning of section 638(2)).
Not later than January 1, 2025, the Secretary shall issue guidance regarding implementation of this section, including calculation of greenhouse gas emission rates for qualified facilities and determination of clean electricity production credits under this section.
Source
- 2022–202626 U.S.C. § 45YInternal Revenue Code · Clean electricity production credit · for purposes of this section