not provide specific proposed legislation for the CCUS Tax Credit.
Utilization and Storage beginning in 2022.
Electricity, are not considered as eligible CCUS projects.
The “eligible use” initially includes dedicated geological storage or storage in concrete. the CO2 is mineralized and locked into the concrete. have sufficient regulations for ensuring permanent CO2 storage.
States . for ineligible uses over the project lifecycle.
Credit.
to the eligible equipment being available for use .
the credit has already been claimed by a previous owner.
Credit based on the proposed project’s design. Resources Canada prior to claiming the CCUS Tax Credit amounts.
and apply to eligible expenses incurred in 2022 and before 2041.