On February 19, 2020, the Internal Revenue Service (IRS) released guidance and a revenue procedure on the “45Q” tax credit for companies using carbon capture equipment. The credit provide $20 per metric ton of qualified carbon oxide capture at facilities whose construction starts before 2024. The document offers guidance on how business can show that they have started construction. The Carbon Capture Coalition released an excellent overview of the guidance document, and Coalition Director Brad Crabtree has worked with a number of State Energy Offices, NASEO, and others to elevate the 45Q opportunity and value. Mr. Crabtree’s presentation at last fall’s NASEO Annual Meeting provides excellent background for interested states.