Page 90 - IRS Business Tax Credits Guide

12:51 - 5-Jan-2023
Page 11 of 38
Fileid: … ns/i8933/202212/a/xml/cycle06/source
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Part III. Qualified Facilities Under or natural gas recovery project, nor utilized as described
Section 45Q(a)(3) or (4) for Which No in section 45Q(f)(5).
Election Was Made Under Section Line 7b
45Q(b)(3) Enter $36 for the section 45Q(b)(1)(B)(i) applicable dollar
amount ($180 if section 45Q(h)(2) requirements are met).
Line 4a Line 8a
Enter the number of metric tons of qualified carbon oxide Qualified carbon oxide captured using carbon capture
captured using carbon capture equipment originally equipment originally placed in service at a qualified direct
placed in service at a qualified facility on or after February air capture facility after 2022, during the 12-year period
9, 2018, during the 12-year period beginning on the date beginning on the date the equipment was originally placed
the equipment was originally placed in service, disposed in service, disposed of in secure geological storage, and
of in secure geological storage, and not used as a tertiary used as a tertiary injectant in a qualified enhanced oil or
injectant in a qualified enhanced oil or natural gas natural gas recovery project.
recovery project, nor utilized as described in section
45Q(f)(5). Line 8b
Enter $26 for the section 45Q(b)(1)(B)(ii) applicable dollar
Line 4b amount ($130 if section 45Q(h)(2) requirements are met).
Enter section 45Q(a)(3) applicable dollar amount. See
2022 credit rates and applicable dollar amounts, earlier. Line 9a
Qualified carbon oxide captured using carbon capture
Line 5a equipment originally placed in service at a qualified direct
Enter the number of metric tons of qualified carbon oxide air capture facility after 2022, during the 12-year period
captured using carbon capture equipment originally beginning on the date the equipment was originally placed
placed in service at a qualified facility on or after February in service and utilized as described in section 45Q(f)(5).
9, 2018, during the 12-year period beginning on the date
the equipment was originally placed in service, disposed Line 9b
of in secure geological storage, and used as a tertiary Enter $26 for the section 45Q(b)(1)(B)(ii) applicable dollar
injectant in a qualified enhanced oil or natural gas amount ($130 if section 45Q(h)(2) requirements are met).
recovery project. Part V. Other Information
Line 5b
Enter section 45Q(a)(4) applicable dollar amount. See Line 10. Section 45Q(b)(3) Election
2022 credit rates and applicable dollar amounts, earlier. You may check the box to elect having the dollar amounts
applicable under section 45Q(a)(1) or (2) apply in lieu of
Line 6a the dollar amounts applicable under section 45Q(a)(3) or
Enter the number of metric tons of qualified carbon oxide (4) for each metric ton of qualified carbon oxide that’s
captured using carbon capture equipment originally captured by you using carbon capture equipment that’s
placed in service at a qualified facility on or after February originally placed in service at a qualified facility on or after
9, 2018, during the 12-year period beginning on the date February 9, 2018. See the instructions for lines 1a, 2a, or
the equipment was originally placed in service, and 3a, earlier.
utilized as described in section 45Q(f)(5).
Line 11. Section 45Q(f)(6) Election
Line 6b You may check the box to elect for applicable facilities
Enter section 45Q(a)(4) applicable dollar amount. See under section 45Q(f)(6)(A). Section 45Q(f)(6)(A) provides
2022 credit rates and applicable dollar amounts, earlier. that for any tax year in which an applicable facility
Part IV. Qualified Direct Air Capture captures not less than 500,000 metric tons of qualified
carbon oxide, the person described in section 45Q(f)(3)
Facilities Under Section 45Q(d)(2)(A) (A)(ii) may elect to have such applicable facility, and any
Placed in Service After 2022 carbon capture equipment placed in service at such
applicable facility, deemed as having been placed in
service on February 9, 2018. The term “applicable facility”
Line 7a means a qualified facility (i) that was placed in service
Qualified carbon oxide captured using carbon capture before February 9, 2018, and (ii) for which no taxpayer
equipment originally placed in service at a qualified direct claimed a carbon oxide sequestration credit in regards to
air capture facility after 2022, during the 12-year period such facility for any tax year ending before February 9,
beginning on the date the equipment was originally placed 2018.
in service, disposed of in secure geological storage, and
not used as a tertiary injectant in a qualified enhanced oil

Instructions for Form 8933 (Rev. 12-2022) -11-