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Notice 2026-50 extends the independent engineer/geologist certification safe harbor to enhanced oil and gas recovery projects using captured carbon as a tertiary injectant. The safe harbor now applies on an open-ended basis through Dec. 31 of each year until Treasury issues further guidance or proposed regulations. The recapture safe harbor framework clarifies that independent certification governs storage amounts and leaked quantities subject to recapture.
On Oct. 1, 2025, Gov. Gavin Newsom signed into effect California S.B. 302, which excludes tax credit monetization transactions from the California income tax for taxable years beginning Jan. 1, 2026, and before Jan. 1, 2031.
The Inflation Reduction Act of 2022 (IRA) amended Section 30C of the Internal Revenue Code to allow taxpayers to claim a credit of up to 30% of the cost of qualified alternative vehicle refueling property (including electric vehicle chargers) placed in service between Dec. 31, 2022, and Dec. 31, 2032. The base amount of the credit is 6%, multiplied by five if the IRA’s prevailing wage and apprenticeship requirements are met. On Sept.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.