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Federal Carbon Dioxide Sequestration Credit
Extracted from PDF file 2023-federal-form-8933.pdf, last modified December 2023Carbon Dioxide Sequestration Credit
Form 8933 (Rev. December 2023) Department of the Treasury Internal Revenue Service Name(s) shown on return Part I Carbon Oxide Sequestration Credit OMB No. 1545-2132 Attach to your tax return. Go to www.irs.gov/Form8933 for instructions and the latest information. Attachment Sequence No. 165 Identifying number Information About You Check the applicable box(es). See instructions before completing this form. 1 2 3 You have obtained an analysis of lifecycle greenhouse gas emissions (LCA) approved by the IRS . . . . . . . . . You physically or contractually ensured the capture of qualified carbon oxide during the tax year . . . . . . . . . You physically or contractually ensured the disposal, usage as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, or utilization of captured qualified carbon oxide during the tax year . . . . . . . . . . . . . You elected to allow another taxpayer to claim the carbon oxide sequestration credit that you would’ve otherwise been entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Another taxpayer elected to allow you to claim the carbon oxide sequestration credit that they would’ve otherwise been entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 6 7 8 Part II 1 2 3 4 a Information About Facility (see instructions) IRS-issued registration number for the facility: Facility’s EPA e-GGRT ID number(s), if available: Type and description of facility you are claiming (see instructions): Location of facility, including coordinates (latitude and longitude). Address of the facility (if applicable): b Coordinates (if applicable). Latitude: . Longitude: Enter a “+” (plus) or “-” (minus) sign in the first box. 5 6 7 . Enter a “+” (plus) or “-” (minus) sign in the first box. Date construction began (MM/DD/YYYY): Date placed in service (MM/DD/YYYY): Total metric tons of carbon oxide captured during the calendar year: Part III Credit Calculations Section A— Facilities at Which Qualified Carbon Oxide Qualifies for a Credit Under Section 45Q(a)(1) or (2) for Which an Election Was Made Under Section 45Q(b)(3) 1 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, disposed of in secure geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in section 45Q(f)(5). a Metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . . 1a b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . 1b c Multiply line 1a by line 1b. See instructions for attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 2 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, disposed of in secure geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project. a Metric tons captured and injected and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . . 2a b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . 2b c Multiply line 2a by line 2b. See instructions for attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 a 2c Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, and utilized as described in section 45Q(f)(5). Metric tons captured and utilized and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . 3a For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37748H Form 8933 (Rev. 12-2023) Page 2 Form 8933 (Rev. 12-2023) Part III Credit Calculations (continued) Section A— Facilities at Which Qualified Carbon Oxide Qualifies for a Credit Under Section 45Q(a)(1) or (2) for Which an Election Was Made Under Section 45Q(b)(3) (continued) b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . . 3b c Multiply line 3a by line 3b. See instructions for attaching Model Certificates CF and UTZ . . . . 3c 4 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, disposed of in secure geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in section 45Q(f)(5). a Satisfies prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 4a b Doesn’t satisfy prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 4b c Enter the amount from line 4a or 4b, whichever is applicable. See instructions for attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . 4c Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, disposed of in secure geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project. a Satisfies prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 5a b Doesn’t satisfy prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 5b c Enter the amount from line 5a or 5b, whichever is applicable. See instructions for attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . . 5c 6 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, and utilized as described in section 45Q(f)(5). a Satisfies prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 6a b Doesn’t satisfy prevailing wage and apprenticeship requirements* x Credit rate: (see instructions) . . . 6b c Enter the amount from line 6a or 6b, whichever is applicable. See instructions for attaching Model Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . . 6c * Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit. Section B— Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) 5 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in section 45Q(f)(5). a Metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . . 7a b Section 45Q(a)(3) applicable dollar amount (see instructions) . . . . . . 7b c Multiply line 7a by line 7b. See instructions for attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7c 8 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project. a Metric tons captured and injected and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . . 8a b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . . 8b c Multiply line 8a by line 8b. See instructions for attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8c Form 8933 (Rev. 12-2023) Page 3 Form 8933 (Rev. 12-2023) Part III Credit Calculations (continued) Section B— Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) (continued) 9 Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period beginning on the date the equipment was originally placed in service, and utilized as described in section 45Q(f)(5). a Metric tons captured and utilized and for which you didn’t elect for another taxpayer to claim the carbon oxide sequestration credit . . . . . . . 9a b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . . 9b c Multiply line 9a by line 9b. See instructions for attaching Model Certificates CF and UTZ . . . . 9c Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in section 45Q(f)(5). 10 a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $85 10a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $17 10b c Enter the amount from line 10a or 10b, whichever is applicable. See instructions for attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . 11 10c Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project. a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $60 11a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $12 11b c Enter the amount from line 11a or 11b, whichever is applicable. See instructions for attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . . 11c Qualified carbon oxide captured using carbon capture equipment originally placed in service at a qualified facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, and utilized as described in section 45Q(f)(5). a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $60 12a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $12 12b c Enter the amount from line 12a or 12b, whichever is applicable. See instructions for attaching Model Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . . 12c * Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit. Section C— Qualified Direct Air Capture (DAC) Facilities Under Section 45Q(d) Placed in Service After 2022 12 Qualified carbon oxide captured using DAC equipment originally placed in service at a qualified DAC facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in section 45Q(f)(5). 13 a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $180 13a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $36 13b c Enter the amount from line 13a or 13b, whichever is applicable. See instructions for attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . . 13c Form 8933 (Rev. 12-2023) Page 4 Credit Calculations (continued) Section C— Qualified Direct Air Capture (DAC) Facilities Under Section 45Q(d) Placed in Service After 2022 (continued) Form 8933 (Rev. 12-2023) Part III 14 Qualified carbon oxide captured using DAC equipment originally placed in service at a qualified DAC facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, disposed of in secure geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project. a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $130 14a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $26 14b c Enter the amount from line 14a or 14b, whichever is applicable. See instructions for attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . . 15 14c Qualified carbon oxide captured using DAC equipment originally placed in service at a qualified DAC facility after 2022, during the 12-year period beginning on the date the equipment was originally placed in service, and utilized as described in section 45Q(f)(5). a Satisfies prevailing wage and apprenticeship requirements* . . . . . . . . . . . x $130 15a b Doesn’t satisfy prevailing wage and apprenticeship requirements* . . . . . . x $26 15b c Enter the amount from line 15a or 15b, whichever is applicable. See instructions for attaching Model Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . . 15c * Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit. Section D— Other Information 16 Check the box if you’re making the election under section 45Q(b)(3) . . . . . . . . . . 17 Check the box if you’re making the election under section 45Q(f)(6) . . . . . . . . . . . 18 Check the box if you’re making the election under section 45Q(f)(9) . . . . . . . . . . . 19 Carbon oxide sequestration credit that another taxpayer elected under section 45Q(f)(3)(B) to allow you to claim. See instructions for attaching Model Certificates ELECT, EOR-Owner, DISP-Owner, and UTZ. Provide basic information for the three largest elections (in dollars) on lines 19a, 19b, and 19c; report all others on line 19e. (i) EIN of electing taxpayer (ii) Metric tons elected (iii) Credit rates (iv) Credit elected. Multiply column (ii) by column (iii). a b c d Add lines 19a, 19b, and 19c in column (iv) . . . . . . . . . . . . 19d e Report all other carbon oxide sequestration credit that another taxpayer elected under section 45Q(f)(3)(B) to allow you to claim. See instructions . . 19e f Add lines 19d and 19e . . . . . . . . . . . . . . . . . . . . . . . 20 Carbon oxide sequestration credit from partnerships and S corporations (see instructions) . 21 22 . . . . . . Add lines 1c, 2c, 3c, 4c, 5c, 6c, 7c, 8c, 9c, 10c, 11c, 12c, 13c, 14c, 15c, 19f, and 20. Partnerships and S corporations, report this amount on Schedule K. All others, report this amount on Form 3800, Part III, line 1x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Carbon oxide sequestration credit recaptured. See instructions for attaching Model Certificate RECAPTURE and for reporting this amount on the appropriate line of your return . . . . . . . 19f 20 21 22 Form 8933 (Rev. 12-2023)
Form 8933 (Rev. December 2023)
More about the Federal Form 8933 Other Tax Credit TY 2023
We last updated the Carbon Dioxide Sequestration Credit in January 2024, so this is the latest version of Form 8933, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8933 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8933 from the Internal Revenue Service in January 2024.
Form 8933 is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
Historical Past-Year Versions of Federal Form 8933
We have a total of thirteen past-year versions of Form 8933 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 8933
Form 8933 (Rev. December 2023)
2022 Form 8933
Form 8933 (Rev. December 2022)
2021 Form 8933
2021 Form 8933
2011 Form 8933
2011 Form 8933
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