Formulář 8933 Pokyny

Department of the Treasury

Internal Revenue Service

Instructions for Form 8933

Carbon Oxide Sequestration Credit

(Rev. December 2023)

Section references are to the Internal Revenue Code

unless otherwise noted.

Extended the deadline to begin construction of facility

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from 2026 to 2033.

Changed the base rate for section 45Q(b)(1)(A)(i)(I)

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Future Developments

and (ll) rates to $17 and $12 ($85 and $60 if section

45Q(h)(2) requirements are met), respectively, for tax

years beginning after 2022.

For the latest information about developments related to

Form 8933 and its instructions, such as legislation

enacted after they were published, go to IRS.gov/

Form8933.

Changed the base rate for section 45Q(b)(1)(B)(i) and

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(ii) rates to $36 and $26 ($180 and $130 if section 45Q(h)

(2) requirements are met), respectively, for direct air

capture (DAC) facilities, for tax years beginning after 2022.

What’s New

Reduced annual thresholds of captured carbon oxide

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Credit rates and applicable dollar amounts. The

credit rates for Part III, lines 1 through 6, are adjusted for

inflation and increased, per Notice 2023-46. The

applicable dollar amounts for Part III, lines 7 through 9, are

established by linear interpolation between statutory dollar

amounts and increased, per Notice 2018-93. The new

applicable dollar amounts for Part III, lines 10 through 15,

are established by the Inflation Reduction Act of 2022

(IRA22). See 2023 inflation adjusted credit rates and

applicable dollar amounts, later.

for a qualified electric generating facility, a qualified DAC

facility, and any other facility. See Facility.

Changed the credit reduction percentage to 15%. See

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Coordination With Section 142 Bond Financing.

Added definitions for new terms, including Applicable

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electric generating unit, Baseline carbon oxide production,

and Capacity factor.

Allows the section 45Q(f)(9) election for carbon oxide

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captured and disposed of after 2021 for a facility located

in a federally declared disaster area. See Section 45Q(f)

(9) Election.

Tax-exempt and governmental entities. For tax years

beginning after 2022, applicable entities (such as certain

tax-exempt and governmental entities) can elect to treat

the carbon oxide sequestration credit (the credit) for new

carbon capture equipment (equipment) as a payment of

income tax. See Applicable entities, later.

Electing taxpayers. For tax years beginning after 2022,

taxpayers, partnerships, and S corporations, electing to be

treated as applicable entities, can elect to treat the credit

for facility or equipment placed in service after 2022 as a

payment of income tax. See T a xpayers electing to be

treated as applicable entities, later.

Credit transfers. For tax years beginning after 2022,

eligible taxpayers, partnerships, and S corporations that

don’t elect payment can elect to transfer all or part of the

credit for new or existing equipment installed at a qualified

facility (facility) otherwise allowed as a general business

credit to an unrelated third-party buyer in exchange for

cash. Eligible taxpayers don't include applicable entities

and electing taxpayers discussed above. See Credit

transfers, later.

Pre-filing registration. The IRS has established a

pre-filing registration process to elect payment or transfer

of the credit. See Pre-filing registration requirement for

payments or transfers, later.

Made prevailing wage and apprenticeship

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requirements. See Notice 2022-61, 2022-52 I.R.B. 561,

available at IRS.gov/irb/2022-52_IRB#NO T -2022-61. See

Increased Credit Amount for Facilities and Equipment to

determine your qualification for the increased credit

amounts by meeting certain requirements.

General Instructions

Purpose of Form

Use Form 8933 to claim the section 45Q carbon oxide

sequestration credit. See Definitions, later.

For purposes of this form, a partner in a partnership

that has made a valid section 761(a) election will be

considered the taxpayer. Partnerships with valid section

761(a) elections aren’t required to complete or file this

form. Instead, the partner is required to complete and file

this form in a manner commensurate with its undivided

ownership interest in the facility. Also, see Rev. Proc.

2020-12, 2020-11, I.R.B. 511, for allocation safe harbor.

However, if you elect to use the January 2021 Treasury

Decision 9944 (TD), the section 761(a) election applies

only in the case of qualified carbon oxide captured using

equipment that's originally placed in service at a facility

before February 9, 2018. For qualified carbon oxide

captured using equipment that's originally placed in

service at a facility on or after February 9, 2018, for each

single process train of equipment (as described in

Regulations section 1.45Q-2(c)(3)), only one taxpayer will

be considered the person to whom the credit is

Facility information. Form 8933 and its instructions

separate information and computation of the credit for

each facility or equipment installed in a facility. See Part II.

Information About Facility, later.

Reminders

A summary of major changes to section 45Q is as

follows.

attributable and only that person may claim the credit. See

Regulations section 1.45Q-1(h)(1).

Jan 25, 2024

Cat. No. 74390F

Taxpayers other than partnerships or S corporations

whose only source of this credit is from those

Line 2b: $13.47 per metric ton.

Line 3b: $13.47 per metric ton.

Line 4b: $26.94 per metric ton.

Line 5b: $13.47 per metric ton.

Line 6b: $13.47 per metric ton.

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pass-through entities (other than a partnership with a valid

761(a) election) aren’t required to complete or file this

form. Instead, report this credit directly on line 1x in Part III

of Form 3800, General Business Credit.

See Notice 2023-46, 2023-26 I.R.B. 1086, available at

IRS.gov/irb/2023-26_IRB#NO T -2023-46.

How To Figure the Credit

For any tax year beginning in a calendar year after 2016

and before 2027, the section 45Q(b)(1)(A) (as in effect

before August 16, 2022) applicable dollar amounts for Part

III, lines 7b, 8b, and 9b, are established by linear

interpolation between $22.66 and $50, and $12.83 and

$35, respectively. The applicable dollar amounts are as

follows.

Subject to the section 45Q(f)(3)(B) election (discussed

later), section 45Q(a)(1) allows a credit of $20 per metric

ton of qualified carbon oxide captured by you using

equipment that’s (1) originally placed in service at a facility

before February 9, 2018, (2) disposed of by you in secure

geological storage, and (3) not used by you as a tertiary

injectant in an enhanced oil recovery (EOR) or natural gas

recovery project or utilized by you in a manner described

in section 45Q(f)(5).

Line 7b: $40.89 per metric ton.

Line 8b: $27.61 per metric ton.

Line 9b: $27.61 per metric ton.

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Section 45Q(a)(2) allows a credit of $10 per metric ton

of qualified carbon oxide (1) captured by you using

equipment that’s originally placed in service at a facility

before February 9, 2018; and (2) either (a) used by you as

a tertiary injectant in an EOR or natural gas recovery

project and disposed of by you in secure geological

storage, or (b) utilized by you in a manner described in

section 45Q(f)(5).

Section 45Q(a)(3) allows a credit of the applicable

dollar amount (as determined under section 45Q(b)(1))

per metric ton of qualified carbon oxide (1) captured by

you using equipment that’s originally placed in service at a

facility on or after February 9, 2018, during the 12-year

period beginning on the date the equipment was originally

placed in service, (2) disposed of by you in secure

geological storage, and (3) neither used as a tertiary

injectant in an EOR or natural gas recovery project nor

utilized in a manner described in section 45Q(f)(5).

See Notice 2018-93, 2018-51 I.R.B. 1041, available at

IRS.gov/irb/2018-51_IRB#NO T -2018-93.

For any tax year after 2022, the section 45Q(b)(1)(A)

applicable dollar amounts are as follows.

Line 10b: $17 per metric ton.

Line 11b: $12 per metric ton.

Line 12b: $12 per metric ton.

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For any tax year after 2022, the section 45Q(b)(1)(B)

applicable dollar amounts for DAC facilities are as follows.

Line 13b: $36 per metric ton.

Line 14b: $26 per metric ton.

Line 15b: $26 per metric ton.

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Facilities or any equipment installed at a facility and

placed in service after 2022 that satisfy certain

requirements may claim an increased credit amount. See

Increased Credit Amount for Facilities and Equipment and

the specific instructions for lines 4–6 and lines 10–15,

later.

Section 45Q(a)(4) allows a credit of the applicable

dollar amount (as determined under section 45Q(b)(1))

per metric ton of qualified carbon oxide (1) captured by

you using equipment that’s originally placed in service at a

facility on or after February 9, 2018, during the 12-year

period beginning on the date the equipment was originally

placed in service; and (2) either (a) used by you as a

tertiary injectant in an EOR or natural gas recovery project

and disposed of by you in secure geological storage, or

(b) utilized in a manner described in section 45Q(f)(5).

For purposes of determining the credit, you may elect

under section 45Q(b)(3) to have the dollar amounts

applicable under section 45Q(a)(1) or (2) apply in lieu of

the dollar amounts applicable under section 45Q(a)(3) or

(4) for each metric ton of qualified carbon oxide that’s

captured by you using equipment that’s originally placed

in service at a facility on or after February 9, 2018.

Amount captured by additional carbon capture

equipment on existing facility. For a qualified facility

placed in service before February 9, 2018, for which

additional carbon capture equipment is placed in service

on or after February 9, 2018, the amount of qualified

carbon oxide that’s captured by you is the following.

For purposes of lines 1 through 6, equal to the lesser of

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(a) the total amount of qualified carbon oxide captured at

such facility for the tax year, or (b) the total amount of the

carbon dioxide capture capacity of the carbon capture

equipment in service at such facility on the day before

February 9, 2018.

For purposes of lines 7 through 15, an amount (not less

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than zero) equal to the excess of (a) the total amount of

qualified carbon oxide captured at such facility for the tax

year, over (b) the total amount of the carbon dioxide

capture capacity of the carbon capture equipment in

service at such facility on the day before February 9, 2018.

For the purpose of calculating the credit, a metric ton of

carbon oxide includes only the contained weight of the

carbon oxide. The weight of any other substances, such

as water or impurities, isn’t included in the calculation.

Applicable entities. For tax years beginning after 2022,

applicable entities as defined under section 6417(d)(1)(A)

that generally don't benefit from income tax credits can

elect to treat the credit for a facility or equipment installed

in a facility and placed in service after 2022 as a payment

of income tax. Resulting overpayments may result in

refunds.

2023 inflation adjusted credit rates and applicable

dollar amounts. The credit rates for Part III, lines 1b, 2b,

3b, 4b, 5b, and 6b are increased by the adjustment for

inflation. The rates are as follows.

Line 1b: $26.94 per metric ton.

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Instructions for Form 8933 (Rev. 12-2023)

Applicable entities making the elective payment

election for the credit must file the following.

transfer of credits. See Pub. 5884, Inflation Reduction Act

(IRA) and CHIPS Act of 2022 (CHIPS) Pre-Filing

Registration Tool. Also see Registering for and Making

Elective Payment and Transfer Elections in the

Instructions for Form 3800.

Form 8933, with all required statements.

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Form 3800, General Business Credit.

Form 990-T, Exempt Organization Business Income Tax

Return, or other applicable income tax return.

Definitions

For a discussion of who is considered an applicable

entity, see Applicable entity making an elective payment

election on IRA 2022 credits in the Instructions for Form

3800. For more information on elective payment elections

under section 6417, see Elective Payment of Certain

Business Credits Under Section 6417 or Section 48D in

the Instructions for Form 3800.

Qualified carbon oxide. This is (a) any carbon dioxide

captured from an industrial source by equipment originally

placed in service before February 9, 2018, which would

otherwise be released into the atmosphere as industrial

emission of greenhouse gas or lead to such release, and

is measured at the source of capture and verified at the

point of disposal, injection, or utilization; (b) any carbon

dioxide or other carbon oxide that’s captured from an

industrial source by equipment originally placed in service

on or after February 9, 2018, which would otherwise be

released into the atmosphere as industrial emission of

greenhouse gas or lead to such release, and is measured

at the source of capture and verified at the point of

disposal, injection, or utilization; or (c) in the case of a

DAC facility, any carbon dioxide that’s captured directly

from the ambient air, and is measured at the source of

capture and verified at the point of disposal, injection, or

utilization.

If you’re an applicable entity, your election to treat the

credit as a payment generally applies to 2023 and any

subsequent year during the 12-year period described in

section 45Q(3)(A) or (4)(A) for such equipment. You must

obtain an IRS-issued registration number for the

equipment in 2023 and each of the succeeding years.

Taxpayers electing to be treated as applicable enti-

ties. If you aren’t an applicable entity, you can also elect

to treat the credit as a payment of taxes on your return.

Section 6417(d)(1)(C) allows an electing taxpayer,

including partnership and S corporation under section

6417(c), to treat the credit for a facility or equipment

installed in a facility and placed in service after 2022 as a

payment or deemed payment of taxes.

For a discussion of who is considered an electing

taxpayer, see the Instructions for Form 3800. For more

information on elective payment elections under section

6417, see Elective Payment of Certain Business Credits

Under Section 6417 or Section 48D in the Instructions for

Form 3800.

Qualified carbon oxide includes the initial deposit of

captured carbon oxide used as a tertiary injectant. It

doesn’t include carbon oxide that’s recaptured, recycled,

and re-injected as part of the EOR and natural gas

recovery process.

Carbon capture equipment. This includes all

components of property that are used to capture or

process carbon oxide until the carbon oxide is transported

for disposal, injection, or utilization. Carbon capture

equipment is equipment used for the purpose of (1)

separating, purifying, drying, and/or capturing carbon

oxide that would otherwise be released into the

If you make a section 6417(d)(1)(C) election, the

election generally applies to 2023 and the 4 succeeding

years (unless you revoke your election).

If you’re a partnership or an S corporation that

atmosphere from an industrial facility; (2) removing carbon

oxide from the atmosphere via DAC; or (3) compressing or

otherwise increasing the pressure of carbon oxide.

elected to treat the credit for a new facility or

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CAUTION

equipment as a payment of taxes, you must report

the total credit amount on Form 3800. See the specific

All components that make up an independently

instructions for line 21 of Part III.

functioning process train capable of capturing,

processing, and preparing carbon oxide for transport will

be treated as a single unit of equipment (single process

train). See Rev. Rul. 2021-13, 2021-30 I.R.B. 152,

available at IRS.gov/irb/2021-30_IRB#REV-RUL-2021-13.

Credit transfers. For tax years beginning after 2022,

under section 6418, eligible taxpayers, partnerships, and

S corporations can elect to transfer all or part of the credit

for a new or existing facility or equipment to an unrelated

third-party buyer in exchange for cash. For more

information on credit transfers, see Transfer of Eligible

Credits Under Section 6418 in the Instructions for Form

3800.

Applicable electric generating unit. An applicable

electric generating unit is the principal electric generating

unit for which the equipment is originally planned and

designed.

Baseline carbon oxide production. A baseline carbon

If you’re a partnership or S corporation electing to

oxide production means either of the following.

transfer the credit (or portion thereof), you must

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In the case of an applicable electric generating unit that

CAUTION

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report the total credit amount on Form 3800. See

was originally placed in service more than 1 year prior to

the date on which construction of the equipment begins,

the average annual carbon oxide production, by mass,

from such unit during (i) in the case of an applicable

electric generating unit that was originally placed in

service more than 1 year prior to the date on which

construction of the equipment begins and on or after the

date that’s 3 years prior to the date on which construction

specific instructions for line 21 of Part III.

Pre-filing registration requirement for payments or

transfers. Before you file your tax return, if you intend to

make an elective payment election or transfer election on

Form 3800 for the credit figured in Part III, you must

complete a pre-filing registration for each facility. To

register, go to IRS.gov/Register for elective payment or

Instructions for Form 8933 (Rev. 12-2023)

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of such equipment begins, the period beginning on the

date such unit was placed in service and ending on the

date on which construction of such equipment began; and

(ii) in the case of an applicable electric generating unit that

was originally placed in service more than 3 years prior to

the date on which construction of the equipment begins,

the 3 years with the highest annual carbon oxide

1. In the case of a DAC facility, captures not less than

1,000 metric tons of qualified carbon oxide during the tax

year;

2. In the case of an electricity generating facility that (i)

captures not less than 18,750 metric tons of qualified

carbon oxide during the tax year; and (ii) for any carbon

capture equipment for the applicable electric generating

unit at such facility, has a capture design capacity of not

less than 75% of the baseline carbon oxide production of

such unit; or

production during the 12-year period preceding the date

on which construction of such equipment began.

In the case of an applicable electric generating unit that

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(i) as of the date on which construction of the equipment

begins, is not yet placed in service; or (ii) was placed in

service during the 1-year period prior to the date on which

construction of the equipment begins, the designed

annual carbon oxide production, by mass, as determined

based on an assumed capacity factor of 60%.

3. In the case of any other facility, captures not less

than 12,500 metric tons of qualified carbon oxide during

the tax year.

Qualified EOR or natural gas recovery project. An

EOR or natural gas recovery project means any project

located in the United States involving the application of

one or more tertiary recovery methods defined in section

193(b)(3) that can reasonably be expected to result in

more than an insignificant increase in the amount of crude

oil or natural gas that will ultimately be recovered and for

which the first injection of liquids, gases, or other matter

begins after 1990.

Natural gas. Natural gas means any product (other than

crude oil) of an oil or gas well if a deduction for depletion is

allowable under section 611 for such product.

Tertiary injectant. An injectant (other than a

hydrocarbon injectant that’s recoverable) that’s used as

part of a tertiary recovery method. For more details, see

section 193(b).

Capacity factor. Capacity factor means the ratio

(expressed as a percentage) of the actual electric output

from the applicable electric generating unit to the potential

electric output from such unit.

Industrial facility. An industrial facility is a facility that

produces a carbon oxide stream from a fuel combustion

source or fuel cell, a manufacturing process, or a fugitive

carbon oxide emission source that, absent capture and

disposal, would otherwise be released into the

atmosphere as industrial emission of greenhouse gas or

lead to such release. An industrial facility doesn’t include a

facility that produces carbon dioxide from carbon dioxide

production wells at natural carbon dioxide-bearing

formations or a naturally occurring subsurface spring.

Depending on your election to use the June 2020 Notice

of Proposed Rulemaking (NPRM) or the TD, see section

3.02(b) of Notice 2009-83 or Proposed Regulations

section 1.45Q-2(d)(1) or Regulations section 1.45Q-2(d)

(1) and (d)(2). An Industrial Source is an emission of

carbon oxide from an industrial facility. A Manufacturing

Process is a process involving the manufacture of

products, other than carbon oxide, that are intended to be

sold at a profit, or are used for a commercial purpose. All

facts and circumstances for the process and products are

to be taken into account.

Electricity generating facility. An electricity generating

facility is a facility described in section 45Q(d)(2)(A) or (B)

and is subject to depreciation under MACRS asset class

49.11 (Electric Utility Hydraulic Production Plant), 49.12

(Electric Utility Nuclear Production Plant), 49.13 (Electric

Utility Steam Production Plant), or 49.15 (Electric Utility

Combustion Turbine Production Plant).

Direct air capture (DAC) facility. A DAC facility means

any facility that uses carbon capture equipment to capture

carbon oxide directly from the ambient air. It doesn’t

include any facility that captures carbon dioxide (1) that’s

deliberately released from naturally occurring subsurface

springs, or (2) using natural photosynthesis.

Facility. Any industrial facility or DAC facility (a) the

construction of which begins before January 1, 2033, and

the construction of carbon capture equipment begins

before that date, or the original planning and design for the

facility includes installation of carbon capture equipment;

and (b) which captures:

Secure geological storage. Secure geological storage

includes, but isn’t limited to, storage at deep saline

formations, oil and gas reservoirs, and unminable coal

seams.

If you’re claiming a credit for a facility placed in service

before February 9, 2018, the following applies.

Secure geological storage requires approval by the U.S.

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Environmental Protection Agency (EPA) of a Monitoring,

Reporting, and Verification Plan (MRV Plan) submitted by

the operator of the storage facility or tertiary injection

project.

The annual amount of carbon oxide claimed for the

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credit must be consistent with amounts reported to the

EPA under its Greenhouse Gas Reporting Program,

subpart RR.

See Sections 6 through 8 of Notice 2009-83, 2009-44

I.R.B. 588, available at IRS.gov/irb/

2009-44_IRB#NO T -2009-83 for reporting and

recordkeeping requirements associated with the limitation

on credits available under former section 45Q(a) (as in

effect before February 9, 2018) and sections 45Q(a)(1)

and (2). Sections 1 through 5 of Notice 2009-83 were

obsoleted by REG-112339-19, 85 F.R. 34050-34075. After

the end of the calendar year in which the Secretary, in

consultation with the Administrator of the EPA, certifies

that a total of 75,000,000 metric tons of qualified carbon

oxide have been taken into account under former section

45Q(a) (as in effect before February 9, 2018) and sections

45Q(a)(1) and (2), the remaining sections of Notice

2009-83 will be obsoleted. Also see Notice 2022-38,

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Instructions for Form 8933 (Rev. 12-2023)

2022-39 I.R.B. 239, available at IRS.gov/irb/

2022-39_IRB#NO T -2022-38.

Section 45Q(f)(6) Election

For purposes of section 45Q, for any tax year in which

such facility is an applicable facility (a facility placed in

service before February 9, 2018, and for which no

taxpayer claimed a section 45Q credit for any tax year

ending before February 9, 2018) that captures not less

than 500,000 metric tons of qualified carbon oxide during

the tax year, you can elect to have the facility, and any

equipment placed in service at the facility, treated as

placed in service on February 9, 2018.

If you’re claiming a credit for a facility that was placed in

service in tax years beginning on or after February 9,

2018, qualified carbon oxide is considered disposed of by

you in secure geological storage such that the qualified

carbon oxide doesn’t escape into the atmosphere if the

qualified carbon oxide is:

Stored, and not used as a tertiary injectant in an EOR or

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natural gas recovery project, in compliance with

applicable requirements under 40 CFR Part 98 subpart

RR;

You can make a section 45Q(f)(6) election by filing a

statement of election with your income tax return for each

tax year in which the credit arises. In addition to any

information required on Form 8933, your statement of

election must show your name, address, taxpayer

identification number, location, and the identification

number(s) assigned to the facility by the EPA's electronic

Greenhouse Gas Reporting Tool (e-GGRT ID number(s))

(if available).

Used as a tertiary injectant in an EOR or natural gas

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recovery project and stored in compliance with applicable

requirements under 40 CFR Part 98 subpart RR, or the

International Organization for Standardization (ISO)

standards endorsed by the American National Standards

Institute (ANSI) under CSA/ANSI ISO 27916:19, Carbon

dioxide capture, transportation and geological

storage—Carbon dioxide storage using enhanced oil

recovery (CO2-EOR); and

Note. EPA e-GGRT ID number(s) are identification

number(s) assigned to the facility by the EPA's electronic

Greenhouse Gas Reporting Tool.

Injected into a well that complies with applicable

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Underground Injection Control regulations onshore or

offshore under submerged lands within the territorial

jurisdiction of the United States.

Section 45Q(f)(3)(B) Election

Utilization of qualified carbon oxide. Utilization of

qualified carbon oxide means (1) the fixation of such

qualified carbon oxide through photosynthesis or

chemosynthesis, such as through the growing of algae or

bacteria; (2) the chemical conversion of such qualified

carbon oxide to a material or chemical compound in which

such qualified carbon oxide is securely stored; or (3) the

use of such qualified carbon oxide for any other purpose

for which a commercial market exists (with the exception

of use as a tertiary injectant in an EOR or natural gas

recovery project), as determined by the Secretary of the

Treasury or her delegate.

United States and U.S. territories. This includes the

seabed and subsoil of those submarine areas that are

adjacent to the territorial waters of the United States (or a

U.S. territory) and over which the United States has

exclusive rights, in accordance with international law, for

the exploration and exploitation of natural resources.

In the case of qualified carbon oxide captured using

equipment that’s originally placed in service at a facility

before February 9, 2018, if you’re the person that captures

and physically or contractually ensures the disposal,

injection, or utilization of the qualified carbon oxide, the

credit is attributable to you. You may claim the credit, or

you may elect to allow the credit to the person that

disposes of, injects, or utilizes the qualified carbon oxide.

If you make this election, the amount you elect to allow

won’t be allowed to you. You can also elect to allow only

part of the credit to the person that disposes of, injects, or

utilizes the qualified carbon oxide in a tax year, and to

claim the remainder yourself.

In the case of qualified carbon oxide captured using

equipment that’s originally placed in service at a facility on

or after February 9, 2018, if you’re the person that owns

the equipment and physically or contractually ensures the

capture and disposal, utilization, or use as a tertiary

injectant of such carbon oxide, you may check the box to

elect to allow the credit to another person that disposes of,

injects, or utilizes the qualified carbon oxide. If you make

this election, the amount you elect to allow won’t be

allowed to you. You can also elect to allow only part of the

credit to the person that disposes of, injects, or utilizes the

qualified carbon oxide in a tax year, and to the claim the

remainder yourself.

Who Can Claim the Credit

The credit is attributable to you in the case of qualified

carbon oxide captured using equipment that’s originally

placed in service at a facility on or after February 9, 2018,

if you’re the person that owns the equipment and

physically or contractually ensures the disposal, utilization,

or use as a tertiary injectant of this qualified carbon oxide.

A new section 45Q(f)(3)(B) election must be made

annually. You make a section 45Q(f)(3)(B) election by

filing a statement of election (see Model Certificate

ELECT, later, and the information below) with the Form

8933 no later than the time prescribed by law (including

extensions) for filing your federal income tax return or

Form 1065, U.S. Return of Partnership Income, for the

year in which the credit arises. You must make a separate

election for each facility.

Elections

Section 45Q(b)(3) Election

You can elect to have the credit rates applicable to Part III,

lines 1b, 2b, 3b, 4b, 5b, and 6b apply instead of the

applicable dollar amounts applicable to Part III, lines 7b,

8b, 9b, 10b, 11b, 12b, 13b, 14b, and 15b for each metric

ton of qualified carbon oxide that’s captured by you using

equipment that’s originally placed in service at a facility on

or after February 9, 2018.

Instructions for Form 8933 (Rev. 12-2023)

5

The election may not be filed with an amended

federal income tax return, an amended Form

1065, or an Administrative Adjustment Request

The dollar amount of credits that each electing taxpayer

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is allowing the credit claimant to claim and the

corresponding metric tons of carbon oxide; and

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CAUTION

(AAR), as applicable, after the prescribed date (including

extensions) for filing the original federal income tax return

or Form 1065 for the year, with the exception of amended

federal income tax returns, amended Forms 1065, or

AARs, as applicable, for any tax year ending after

February 9, 2018, and beginning on or before January 13,

2021. The amended federal income tax return or the

amended Form 1065 must be filed, in no event, later than

the applicable period of limitations on assessment for the

tax year for which the amended federal income tax return

or Form 1065 is being filed.

A copy of the electing taxpayer’s Form 8933.

•

Section 45Q(f)(9) Election

For purposes of section 45Q(a)(3) and (4), a person

described in section 45Q(f)(3)(A)(ii) may elect, at such

time and in such manner as the Secretary may prescribe,

to have the 12-year period begin on the first day of the first

tax year in which a credit under this section is claimed for

equipment that’s originally placed in service at a facility on

or after February 9, 2018, if:

No one claimed a credit under this section for such

•

equipment for any prior tax year;

Information required to be provided by electing tax-

payer.

The facility at which such equipment is placed in

•

service is located in an area affected by a federally

declared disaster (as defined by section 165(i)(5)(A)) after

the equipment is originally placed in service; and

Election statement of the electing taxpayer on Form

•

8933 must indicate that an election is being made under

section 45Q(f)(3)(B);

Such federally declared disaster results in a cessation

•

The electing taxpayer must provide each credit claimant

•

of the operation of the facility or the equipment after such

equipment is originally placed in service.

with a copy of the electing taxpayer’s Form 8933; and

The electing taxpayer must, in addition to any

•

Application of Section 45Q for Certain

Carbon Capture Equipment

information required on Form 8933, set forth the following

information.

1. The electing taxpayer’s name, address, taxpayer

identification number, location, and e-GGRT ID number(s)

(if available) of each facility where carbon oxide was

captured;

In the case of any equipment placed in service before

February 9, 2018, the credit will apply to qualified carbon

oxide captured using such equipment before the end of

the calendar year in which the Secretary, in consultation

with the Administrator of the EPA, certifies that, during the

period beginning after October 3, 2008, a total of

75,000,000 metric tons of qualified carbon oxide have

been taken into account in accordance with section

45Q(a), as in effect on the day before February 9, 2018,

and section 45Q(a)(1) and (2).

2. The full amount of credit attributable to the taxpayer

prior to the election;

3. The name, address, and taxpayer identification

number of each credit claimant, and the location and EPA

e-GGRT ID number(s) (if available) of each secure

geological storage facility where the qualified carbon

oxide is disposed of or injected;

4. The dollar amount of credits the taxpayer is allowing

each credit claimant to claim and the corresponding

metric tons of qualified carbon oxide; and

Effective August 16, 2022, in the case of any

equipment placed in service before February 9, 2018, the

credit will apply to qualified carbon oxide captured using

such equipment before the earlier of January 1, 2023, and

the end of the calendar year in which the Secretary, in

consultation with the Administrator of the EPA, certifies

that during the period beginning after October 3, 2008, a

total of 75,000,000 metric tons of qualified carbon oxide

have been taken into account in accordance with section

45Q(a), as in effect on the day before February 9, 2018,

and section 45Q(a)(1) and (2). See section 45Q(g) as

amended by IRA22 and Notice 2022-38.

5. The dollar amount of credits retained by the electing

taxpayer and the corresponding metric tons of qualified

carbon oxide.

Information required to be provided by credit claim-

ant. The credit claimant must include the following

information on Form 8933 with its timely filed federal

income tax return or Form 1065 (including extensions).

The name, address, and taxpayer identification number

•

of the credit claimant;

When Construction Begins

The name, address, and taxpayer identification number

•

Two methods can be used to establish that construction of

a facility or equipment has begun.

of each taxpayer making an election under section 45Q(f)

(3)(B) to allow the credit to the credit claimant;

1. Physical Work Test is satisfied when physical work

of a significant nature begins and other requirements

provided in Section 5 of Notice 2020-12, 2020-11 I.R.B.

495, available at IRS.gov/irb/2020-11_IRB#NO T -2020-12,

are met.

2. Five Percent Safe Harbor is satisfied when you

pay or incur (within the meaning of Regulations section

1.461-1(a)(1) and (2)) 5% or more of the total cost of a

facility or equipment and meets other requirements

provided in Notice 2020-12, Section 6.

The location and EPA e-GGRT ID number(s) (if

•

available) of each facility where carbon oxide was

captured;

The location and EPA e-GGRT ID number(s) (if

•

available) of each secure geological storage facility where

the qualified carbon oxide is disposed of or injected;

The full dollar amount of credits attributable to each

•

electing taxpayer prior to the election and the

corresponding metric tons of carbon oxide;

6

Instructions for Form 8933 (Rev. 12-2023)

Although both methods can be used, only one method

is needed to establish that construction of a facility or

equipment has begun. If you began construction on a

facility or equipment by satisfying either the Physical Work

Test or the Five Percent Safe Harbor, or both, before the

effective date of Notice 2020-12 (March 9, 2020), you may

use March 9, 2020, as the date that construction began on

such facility or equipment. Additionally, if you began

construction on a facility or equipment before March 9,

2020, under both the Physical Work Test and the Five

Percent Safe Harbor, you may choose either method (but

not both) for the purpose of applying the beginning of

construction rules. If you began construction on a facility

or equipment on or after March 9, 2020, construction will

be deemed to have begun on the date you first satisfy

either the Physical Work Test or the Five Percent Safe

Harbor. If you fail to satisfy the Five Percent Safe Harbor in

one year due to cost overruns (as defined in Section 6.03

of Notice 2020-12), you won’t be prevented from using the

Physical Work Test in a later year to establish beginning of

construction, provided that occurs before January 1, 2033.

The number of workers who received correction

•

payments.

The wages paid and hours worked by qualified

•

apprentices for each of the laborer or mechanic

classifications engaged in the construction (alteration or

repairs) of the facility or equipment.

The total labor hours for the construction (alteration or

•

repairs) of the facility or equipment installed at a facility by

any laborer or mechanic employed by the taxpayer or any

contractor or subcontractor.

4. A declaration, applicable to the statement and any

accompanying documents, signed by you, or signed by a

person currently authorized to bind you in such matters, in

the following form: “Under penalties of perjury, I declare

that I have examined this statement, including

accompanying documents, and to the best of my

knowledge and belief, the facts presented in support of

this statement are true, correct, and complete.”

Applicable wage determinations mean the wage

listed for a particular classification of laborer or mechanic

on the applicable wage determination for the type of

construction and the geographic area or other applicable

wage as determined by the Secretary of Labor. See

Notice 2022-61 for more information.

Increased Credit Amount for Facilities

and Equipment

Notice 2022-61 explains how claimants, including

taxpayers, tax-exempt and government entities, and

non-taxable pass-through entities, receive increased

credit amount for any facility or equipment placed in

service after 2022, by satisfying certain requirements. In

the case of any facility or equipment installed in any

facility, the amount of the credit rates as adjusted for

inflation or applicable dollar amounts are multiplied by 5 if

any one of the following requirements are met.

Prevailing Wage Requirements

For any facility and any equipment placed in service at

such facility, you must ensure that any laborers and

mechanics employed by you or any contractor or

subcontractor in (i) the construction of such facility or

equipment, and (ii) for any tax year, for any portion of such

tax year that’s within the period described in section

45Q(a)(3)(A) or (4)(A), the alteration or repair of such

facility or such equipment, must be paid wages at rates

not less than the prevailing rates for construction,

alteration, or repair of a similar character in the locality in

which such facility and equipment are located as most

recently determined by the Secretary of Labor, in

accordance with subchapter IV of chapter 31 of title 40,

United States Code. See Notice 2022-61 for details.

A facility the construction of which began prior to

•

January 29, 2023;

Carbon equipment the construction of which began

•

prior to January 29, 2023, and installed in a facility; or

A facility or equipment that satisfies the prevailing wage

•

and apprenticeship requirements.

Additional information. If you checked the box and

claimed an increased credit amount on lines 4a, 5a, 6a,

10a, 11a, 12a, 13a, 14a, or 15a in Part III, you must attach

a statement to Form 8933 that includes the following

information.

1. Your name and taxpayer identification number and

the facility or equipment description and IRS-issued

registration number (if applicable) from Part II.

2. If construction began before January 29, 2023, as

shown on Part II, line 5, a statement that you met the

Continuity Requirement under the Physical Work Test or

the Five Percent Safe Harbor to establish the beginning of

construction (alteration or repairs).

For information on how to correct a failure to satisfy the

prevailing wage requirements, and the penalty related to

the failure, see section 45(b)(7)(B) and Section 3 of Notice

2022-61.

Apprenticeship Requirements

To meet the apprenticeship requirements, you must

ensure that, for the construction of any qualified facility,

not less than the applicable percentage of the total labor

hours of the construction, alteration, or repair work

(including such work performed by any contractor or

subcontractor) for such facility is, subject to section 45(b)

(8)(B), performed by qualified apprentices (apprenticeship

labor hour requirements). The apprenticeship

requirements include three components: a labor-hours

requirement, a ratio requirement, and a participation

requirement.

3. If construction began on or after January 29, 2023,

include the following.

The applicable wage determinations (as defined

•

below).

The wages paid (including any correction payments as

•

You must ensure that, depending on when construction

•

defined in section 45(b)(7)(B)(i)(I)) and hours worked for

each of the laborer or mechanic classifications engaged in

the construction (alteration or repairs) of the facility or

equipment.

began, 12.5% or 15% of the total labor-hours performed in

the construction, alteration, or repair of the facility are

performed by qualified apprentices from a registered

apprenticeship program.

Instructions for Form 8933 (Rev. 12-2023)

7

You must ensure that the applicable ratio of apprentices

project for any tax year is reduced by the amount that's the

product of the credit for such tax year and the lesser of

50% or a fraction, the numerator of which is the sum, for

the tax year and all prior tax years, of the proceeds from

an issue described in section 142(a)(17) used to provide

financing for the project the interest on which is exempt

from tax under section 103, and the denominator of which

is the aggregate amount of additions to the capital

•

to journeyworkers established by the registered

apprenticeship program are met for apprentices working

on the facility each day.

Any taxpayer (or contractor or subcontractor) that

•

employs 4 or more laborers or mechanics in the

construction, alteration, or repair of the facility must also

hire at least one qualified apprentice.

account for the project for the tax year and all prior tax

years. The amounts under the preceding sentence for any

tax year are determined as of the close of the tax year.

Beginning of construction. See Sections 2 and 5 of

Notice 2022-61 and When Construction Begins, earlier, to

establish whether construction of a facility or equipment at

a facility began before January 29, 2023.

Note. For purposes of the above, there’re no prior tax

years before January 1, 2022.

Recapture

A recapture event occurs when qualified carbon oxide for

which a credit has been claimed ceases to be captured,

disposed of, or used as a tertiary injectant during the

recapture period. Recapture events are determined

separately for each project involving capture, disposal, or

use of qualified carbon oxide as a tertiary injectant.

Reporting Requirements

General Requirements

If you’re claiming the credit, you must provide the name

and location of the facilities at which the qualified carbon

oxide was captured.

Qualified carbon oxide ceases to be captured,

disposed of, or used as a tertiary injectant if the leaked

amount of qualified carbon oxide in the tax year exceeds

the amount of qualified carbon oxide disposed of in

secure geological storage or used as a tertiary injectant in

that same tax year.

If you’re claiming the credit on an amended federal

income tax return, an amended Form 1065, or an

!

CAUTION

AAR, as applicable, you must state “AMENDED

RETURN FOR SECTION 45Q CREDIT” at the top of your

amended federal income tax return, amended Form 1065,

or AAR, as applicable. Your amended federal income tax

return or the amended Form 1065 must be filed, in no

event, later than the applicable period of limitations on

assessment for the tax year for which your amended

federal income tax return or Form 1065 is being filed.

If a recapture event occurs during a project’s recapture

period and you have claimed a credit for that project, you

must report the following information on a Form 8933 filed

with your federal income tax return or Form 1065 for the

tax year for which the recapture event occurred.

Contractually Ensuring Disposal, Injection, or

Utilization of Qualified Carbon Oxide

The recapture amount (as defined in Regulations

•

section 1.45Q-5(e));

The quantity of leaked qualified carbon oxide (in metric

If you enter into a contract with another party to ensure

disposal, injection, or utilization of qualified carbon oxide,

you must report the existence of each contract, and the

parties involved annually on Form 8933 by each party to

the contract, regardless of the party claiming the credit. In

addition to any information stated as required on Form

8933, the report must include the following information.

•

tons) (as defined in Regulations section 1.45Q-5(c));

The statutory credit rate at which the credits were

•

originally calculated; and

A statement that describes how you became aware of

•

the recapture event, how the leaked amount was

determined, and the identity and involvement of any

regulatory agencies.

Your name and identifying number;

•

The name and taxpayer identification number of each

•

Credit Reduced for Tax-Exempt Bond

Financing

party with whom you have entered into a contract to

ensure the disposal, injection, or utilization of qualified

carbon oxide;

For facilities or equipment placed in service after 2022,

the credit is reduced by an amount that is the product of

the credit amount otherwise determined for the tax year

and the lesser of 15% or a fraction determined for the tax

year. The numerator of the fraction is the sum, for the tax

year and all prior tax years, of the proceeds from an issue

of any obligations the interest of which is exempt from tax

under section 103 and that is used to provide financing for

the facility as of the close of the tax year. The denominator

of the fraction is the aggregate amount of additions to the

capital account for the facility for the tax year and all prior

tax years as of the close of the tax year.

The date on which each contract was executed;

The number of metric tons of qualified carbon oxide

•

each contracting party disposes of, injects, or utilizes on

behalf of you each tax year for reporting to the IRS; and

For contracts for the disposal of qualified carbon oxide

•

in secure geological storage or the use of qualified carbon

oxide as a tertiary injectant in EOR or natural gas

recovery, identifying information (the name of the operator,

field, unit, and reservoir), location by county and state,

and EPA e-GGRT ID number(s) (if available) for

submission of the facility’s 40 CFR Part 98 (subpart RR)

annual reports.

Coordination With Section 142 Bond

Financing

Secure Geological Storage

Certifications must be made annually.

For facilities or equipment placed in service before 2023

and obligations issued after 2021, the credit for any

8

Instructions for Form 8933 (Rev. 12-2023)

For purposes of a natural gas project, a petroleum

engineer's certification as required under Regulations

section 1.43-3(a)(3) and an operator's continued

certification of a project as required under Regulations

section 1.43-3(b)(3) must include an additional statement

that the certification is for purposes of the credit.

Reporting Based on 40 CFR Part 98 (Subpart RR)

For an EOR or natural gas recovery project in which you

reported volumes to the EPA pursuant to 40 CFR Part 98

subpart RR, you may self-certify the volume of carbon

oxide claimed for purposes of the credit.

Reporting Based on CSA/ANSI ISO 27916:19

Petroleum Engineer’s Certification

For an EOR or natural gas recovery project in which you

determined volumes pursuant to CSA/ANSI ISO

27916:19, you may prepare documentation as outlined in

CSA/ANSI ISO 27916:19 internally, but such

The petroleum engineer's certification must be attached to

a Form 8933 and filed no later than the last date

prescribed by law (including extensions) for filing the

operator's or designated owner's federal income tax return

or Form 1065 for the first tax year in which qualified

carbon oxide is injected into the reservoir.

documentation must be provided to a qualified

independent engineer or geologist, who then must certify

that the documentation provided, including the mass

balance calculations as well as information regarding

monitoring and containment assurance, is accurate and

complete. For any leaked amount of qualified carbon

oxide that’s determined pursuant to CSA/ANSI ISO

27916:19, the certification must also include a statement

that the quantity was determined in accordance with

sound engineering principles.

If a credit is claimed on an amended federal

income tax return, an amended Form 1065, or an

!

CAUTION

AAR, as applicable, the petroleum engineer's

certification will be treated as filed timely if it’s attached to

a Form 8933 that’s submitted with such amended federal

income tax return, amended Form 1065, or AAR. For a

credit that’s claimed on a timely filed federal income tax

return or Form 1065 for a tax year ending after February 9,

2018, and beginning on or before January 13, 2021, for

which the petroleum engineer's certification wasn’t

If you capture qualified carbon oxide to get the credit,

you must file Form 8933 with your timely filed federal

income tax return or Form 1065, including extensions, or

for the purpose of this rule, your amendments to federal

income tax returns, Forms 1065, or on AARs, as

submitted, the petroleum engineer's certification will be

treated as filed timely if it’s attached to an amended Form

8933 for any tax year ending after February 9, 2018, but

not for tax years beginning on or before January 13, 2021.

applicable. Similarly, if you dispose of, inject, or utilize

qualified carbon oxide, you must also file Form 8933 with

your timely filed federal income tax return or Form 1065,

including extensions, or for the purpose of this rule, your

amendments to federal income tax returns, Forms 1065,

or on AARs, as applicable. If the volume of carbon oxide

certified and reported is a negative amount, see

Operator’s Continued Certification

The operator's continued certification of a project must be

attached to a Form 8933 and filed no later than the last

date prescribed by law (including extensions) for filing the

operator's or designated owner's federal income tax return

or Form 1065 for tax years after the tax year for which the

petroleum engineer's certification is filed but not after the

tax year in which injection activity ceases and all injection

wells are plugged and abandoned.

Regulations section 1.45Q-5 for rules regarding recapture.

No credit is allowed for any tax year for which you

(including credit claimants) have failed to timely

!

CAUTION

submit complete documentation, including the

required certifications. The credit will be allowed only for a

tax year for which complete documentation and

Utilization

certification has been timely submitted. Certifications for

each tax year must be submitted by the due date of your

federal income tax return or Form 1065 on which the credit

is claimed, including extensions. If your credit is claimed

on your amended federal income tax return, amended

Form 1065, or AAR, as applicable, certifications may also

be submitted with your amended federal income tax

return, amended Form 1065, or AAR. If a credit was

claimed on your timely filed federal income tax return or

Form 1065 for a tax year ending after February 9, 2018,

and beginning on or before January 13, 2021, for which

certifications weren’t submitted, such certifications may be

submitted with your amended federal income tax return,

amended Form 1065, or AAR, as applicable, for the tax

year in which the credit was claimed.

The amount of qualified carbon oxide utilized by you is

equal to the metric tons of qualified carbon oxide that you

demonstrate, based upon an analysis of lifecycle

greenhouse gas emissions (LCA), that were captured and

permanently isolated from the atmosphere (isolated), or

displaced from being emitted into the atmosphere

(displaced).

Lifecycle greenhouse gas emissions and lifecycle

analysis. The term “lifecycle greenhouse gas emissions”

means the aggregate quantity of greenhouse gas

emissions (including direct emissions and significant

indirect emissions such as significant emissions from land

use changes) related to the full product lifecycle, including

all stages of product and feedstock production and

distribution, from feedstock generation or extraction

through the distribution and delivery and use of the

finished product to the ultimate consumer, where the

mass values for all greenhouse gases are adjusted to

account for their relative global warming potential

according to Table A-1 of 40 CFR Part 98 subpart A. The

Qualified EOR or Natural Gas Recovery Project

Each qualified EOR or natural gas recovery project must

be certified under Regulations section 1.43-3.

Instructions for Form 8933 (Rev. 12-2023)

9

amount of lifecycle greenhouse gas emissions measured

by a lifecycle greenhouse gas analysis (LCA) is expressed

in carbon dioxide equivalents (CO2-e).

of carbon oxide must be measured at the source of

capture and verified either at the point of disposal in

secure geological storage or at the point of injection as a

tertiary injectant in an EOR or natural gas recovery

project. The amount of qualified carbon oxide is presumed

to be the lesser of the amount measured at capture and

the amount verified at disposal or injection unless it can

be established to the satisfaction of the IRS that the

greater amount is the correct amount.

Measurement. The measurement and written LCA report

must be performed by or verified by an independent third

party. The LCA report must be prepared in conformance

with, and contain documentation that conforms to, the

International Organization for Standardization (ISO)

14040:2006, Environmental Management—Life Cycle

Assessment—Principles and Framework, and ISO

14044:2006, Environmental Management—Life Cycle

Assessment—Requirements and Guidelines, as well as a

statement documenting the qualifications of the

To claim the credit for utilization of carbon oxide, the

amount of qualified carbon oxide utilized by you is equal to

the metric tons of qualified carbon oxide that you

demonstrate, based upon an analysis of lifecycle

greenhouse gas emissions (LCA), were (1) captured and

permanently isolated from the atmosphere, or (2)

displaced from being emitted into the atmosphere. The

amount of qualified carbon oxide utilized by you for

purposes of the credit can't exceed the amount of

qualified carbon oxide measured at the source of capture.

independent third party, including proof of appropriate

U.S. or foreign professional license, and an affidavit from

the third party stating that it's independent from you.

Approval of the LCA. You must submit the written LCA

report and independent third-party statement to the IRS

and the Department of Energy (DOE). The LCA will be

subject to a technical review by the DOE, and the IRS will

determine whether to approve the LCA.

You should fax a copy of your LCA report, including the

independent third-party statement specified in

Regulations section 1.45Q-4(c)(4), to the IRS at

844-255-4817. The submission should include a cover

letter with:

Part I. Information About You

Line 1. See Lifecycle greenhouse gas emissions and

lifecycle analysis, earlier.

Line 2. See Qualified carbon oxide, earlier.

Lines 4 and 5. See Section 45Q(f)(3)(B) Election, earlier.

1. Name of the facility where the qualified carbon

Part II. Information About Facility

oxide is utilized (“utilization facility”);

If you’re claiming the credit for a facility or equipment in

Part III, you must complete Part II.

2. Name of the operator of the utilization facility,

including operator’s TIN/EIN;

Note. You must also provide information about specific

industrial facility and equipment in Part I of your model

certificate or version of model certificate. See Model

Certificate CF.

3. Name of the taxpayer(s) claiming the credit based

on the LCA, including each taxpayer's TIN/EIN;

4. Name of a corporate officer in charge of the LCA

report submission (or a designated representative) with a

written power of attorney (POA on Form 2848, Power of

Attorney and Declaration of Representative) and that

person's contact information, including official corporate

mailing address;

Line 1. If applicable, enter your pre-filing registration

number for the facility that you received from the IRS.

Line 3. Enter the type and technical description of the

facility or equipment that captured carbon oxide, disposed

of carbon oxide, or used carbon oxide as a tertiary

injectant.

5. Tax year in which the credit is claimed; and

6. Reserved for future use.

Line 4. Enter the address of the facility. If the facility

doesn’t have an address, enter the coordinates of the

facility or property (longitude and latitude) on line 4b.

You should also mail (1) the items above, and (2) the

model, if the LCA wasn’t verified by an independent

third-party review, on a USB thumb drive, to:

Line 5. Enter the date construction began. See Beginning

of construction, earlier, for more information.

Internal Revenue Service

Office of Associate Chief Counsel (PSI)

1111 Constitution Ave. NW

Branch 6 (CC:PSI:6), Room 5114

Washington, DC 20224

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)

You should also send the DOE an email at

LCA45Q@hq.doe.gov, and the DOE will respond with

instructions for submitting the LCA application to the DOE.

See Section 45Q(b)(3) Election, earlier.

Line 1b. Enter $26.94.

Specific Instructions

To claim the credit for disposal of carbon oxide in secure

geological storage or for use of carbon oxide as a tertiary

injectant in an EOR or natural gas recovery project, prior

to disposal in secure geological sequestration, the amount

Line 1c. To see model versions of necessary

attachments, see Model Certificate CF, Model Certificate

DISP-Operator, and Model Certificate DISP-Owner. The

credit amount on line 1c should be equal to the credit

10

Instructions for Form 8933 (Rev. 12-2023)

amount shown on Model Certificate CF, Part III, Section A,

line 1f.

amount shown on Model Certificate CF, Part III, Section B,

line 7f.

Line 2b. Enter $13.47.

Line 8b. Enter $27.61.

Line 2c. To see model versions of necessary

attachments, see Model Certificate CF, Model Certificate

EOR-Operator, and Model Certificate EOR-Owner. The

credit amount on line 2c should be equal to the credit

amount shown on Model Certificate CF, Part III, Section A,

line 2f.

Line 8. To see model versions of necessary attachments,

see Model Certificate CF, Model Certificate

EOR-Operator, and Model Certificate EOR-Owner. The

credit amount on line 8c should be equal to the credit

amount shown on Model Certificate CF, Part III, Section B,

line 8f.

Line 3b. Enter $13.47.

Line 9b. Enter $27.61.

Line 3c. To see model versions of necessary

attachments, see Model Certificate CF and Model

Certificate UTZ. The credit amount on line 3c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section A, line 3f.

Line 9c. To see model versions of necessary

attachments, see Model Certificate CF and Model

Certificate UTZ. The credit amount on line 9c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section B, line 9f.

Line 4. If you checked the box on line 4a, enter $134.70

($26.94 multiplied by 5). See Additional information,

earlier, to claim the increased credit amount.

Line 10. If you checked the box on line 10a, see

Additional information, earlier.

Line 10c. Enter the credit amount from line 10a or 10b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate DISP-Operator, and Model Certificate

DISP-Owner. The credit amount on line 10c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section B, line 10f.

If you checked the box on line 4b, enter $26.94.

Line 4c. Enter the credit amount from line 4a or 4b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate DISP-Operator, and Model Certificate

DISP-Owner. The credit amount on line 4c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section A, line 4f.

Line 11. If you checked the box on line 11a, see

Additional information, earlier.

Line 5. If you checked the box on line 5a, enter $67.35

($13.47 multiplied by 5). See Additional information,

earlier, to claim the increased credit amount.

Line 11c. Enter the credit amount from line 11a or 11b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate EOR-Operator, and Model Certificate

EOR-Owner. The credit amount on line 11c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section B, line 11f.

If you checked the box on line 5b, enter $13.47.

Line 5c. Enter the credit amount from line 5a or 5b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate EOR-Operator, and Model Certificate

EOR-Owner. The credit amount on line 5c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section A, line 5f.

Line 6. If you checked the box on line 6a, enter $67.35

($13.47 multiplied by 5). See Additional information,

earlier, to claim the increased credit amount.

Line 12. If you checked the box on line 12a, see

Additional information, earlier.

Line 12c. Enter the credit amount from line 12a or 12b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF and

Model Certificate UTZ. The credit amount on line 12c

should be equal to the credit amount shown on Model

Certificate CF, Part III, Section B, line 12f.

If you checked the box on line 6b, enter $13.47.

Line 6c. Enter the credit amount from line 6a or 6b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF and

Model Certificate UTZ. The credit amount on line 6c

should be equal to the credit amount shown on Model

Certificate CF, Part III, Section A, line 6f.

Section C—Qualified Direct Air Capture (DAC)

Facilities Under Section 45Q(d)(2)(A) Placed in

Service After 2022

Line 13. If you checked the box on line 13a, see

Additional information, earlier.

Line 13c. Enter the credit amount from line 13a or 13b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate DISP-Operator, and Model Certificate

DISP-Owner. The credit amount on line 13c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section C, line 13f.

Section B. Qualified Facilities Under Section

45Q(a)(3) or (4) for Which No Election Was

Made Under Section 45Q(b)(3)

Line 7b. Enter $40.89.

Line 7c. To see model versions of necessary

attachments, see Model Certificate CF, Model Certificate

DISP-Operator, and Model Certificate DISP-Owner. The

credit amount on line 7c should be equal to the credit

Line 14. If you checked the box on line 14a, see

Additional information, earlier.

Instructions for Form 8933 (Rev. 12-2023)

11

attachments substantially similar to model certificates

shown below.

Model Certificate CF. Use Model Certificate CF if you’re

the owner of a capture facility (may not be the same entity

as the owner of the industrial facility) that emits carbon

oxide. Model Certificate CF will help show your share of

the credit.

Line 14c. Enter the credit amount from line 14a or 14b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF, Model

Certificate EOR-Operator, and Model Certificate

EOR-Owner. The credit amount on line 14c should be

equal to the credit amount shown on Model Certificate CF,

Part III, Section C, line 14f.

Line 15. If you checked the box on line 15a, see

Additional information, earlier.

Model Certificate DISP-Operator. Use Model

Certificate DISP-Operator if you’re the operator (or

designated operator) of a geologic disposal site at which

captured qualified carbon oxide was injected during the

calendar year. Don’t use this model certificate if carbon

oxide was injected for enhanced oil or natural gas

recovery. Provide a copy of your signed Model Certificate

DISP-Operator to each owner of the disposal site project.

Line 15c. Enter the credit amount from line 15a or 15b,

whichever is applicable. To see model versions of

necessary attachments, see Model Certificate CF and

Model Certificate UTZ. The credit amount on line 15c

should be equal to the credit amount shown on Model

Certificate CF, Part III, Section C, line 15f.

Model Certificate DISP-Owner. Use Model Certificate

DISP-Owner if you’re the owner (or one of the owners) of

the geologic disposal site at which captured qualified

carbon oxide was injected during the calendar year. The

operator of the disposal site prepares Table 3 of Model

Certificate DISP-Operator. Report the amounts from that

Table 3 on lines 11, 12, and 14 through 16.

Section D—Other Information

Line 19e

Subtract line 19d from the total credit reported to you on a

statement substantially similar to Model Certificate(s)

ELECT, Part II, line 6; enter amount on line 19e.

Model Certificate EOR-Operator. Use Model Certificate

EOR-Operator if you’re the operator (or designated

operator) of an enhanced oil or gas recovery project (EOR

project) at which captured qualified carbon oxide was

injected during the calendar year. Provide a copy of your

signed Model Certificate EOR-Operator to each owner of

the EOR project.

Model Certificate EOR-Owner. Use Model Certificate

EOR-Owner if you’re the owner (or one of the owners) of

the EOR project at which captured qualified carbon oxide

was injected during the calendar year. The operator of the

EOR project prepares Table 3 of Model Certificate

EOR-Operator. Report the amounts from that Table 3 on

lines 11, 12, and 14 through 16.

Attach the applicable model certificates. See Model

Certificate ELECT, Model Certificate EOR-Owner, Model

Certificate DISP-Owner, and Model Certificate UTZ.

Complete a statement substantially similar to

Model Certificate ELECT if you elect under

section 45Q(f)(3)(B) to allow another person to

TIP

claim your credit. See Model Certificate ELECT, later.

Line 20. Enter the total credits on a separate Form 8933

to report your distributive or pro rata share from:

Schedule K-1 (Form 1065), Partner's Share of Income,

•

Deductions, Credits, etc., box 15 (code AW); and

Schedule K-1 (Form 1120-S), Shareholder's Share of

•

Income, Deductions, Credits, etc., box 13 (code AW).

Enter “Credit from partnerships and S corporations” on

Form 8933, Part II, line 3. All others not using earlier lines

to figure a separate credit can report the above credits

directly on Form 3800, Part III, line 1x.

Model Certificate UTZ. Use Model Certificate UTZ if

you’re the owner of the utilization facility who utilized

qualified carbon oxide during the calendar year. Don’t

combine information from separate utilization facilities on

the same Model Certificate UTZ. Provide a copy of your

signed Model Certificate UTZ to each supplier that

supplied qualified captured carbon oxide to inform the

suppliers of the amount of their qualified carbon oxide that

was utilized.

Line 21. If you’re a partnership or S corporation electing

payment or transfer for the credit for a facility or

equipment, you must report the total credit amount for

your facility or equipment on Form 3800, Part III, line 1x.

Don’t report the total credit amount on Schedule K.

Model Certificate ELECT. Use Model Certificate ELECT

if (1) you’re the owner of the capture facility that supplied

qualified carbon oxide to another person that was properly

disposed of in geological storage, used in an EOR project,

or utilized in a manner consistent with section 45Q(f), and

(2) you elect under section 45Q(f)(3)(B) to allow the credit

to that person. You must make a separate election for

each facility.

Model Certificate RECAPTURE. Use Model Certificate

RECAPTURE if you’re the operator or owner of the

geologic disposal site or EOR project to report a recapture

event.

Line 22. Enter the credit recaptured. Attach a statement

substantially similar to Model Certificate(s) RECAPTURE

to Form 8933. Report the credit recapture amount on the

appropriate line of your return.

Model Certificates

Per the TD and the NPRM that preceded it, if you’re a

large section 45Q project filer, you’ll likely have to use

multiple legal contracts with multiple parties for the

capture, utilization, or disposal of carbon oxides and,

generally to claim the credit, the existence of each

contract and the parties involved must be reported on

Form 8933 annually. For this reporting, filers should use

12

Instructions for Form 8933 (Rev. 12-2023)

Model Certificate CF

Capture Facility Certification

2023

Name(s) shown on return:

Identifying number:

Part I. Information About Industrial Facility, Carbon Capture Equipment, Carbon Oxide Sequestration Credit, and Elections

Yes No

Section 1—Industrial facility information:

1

2

Name of facility

Location (county and state)

.

3a IRS-issued registration number(s) for the facility

3b Facility's EPA e-GGRT ID number(s)*

.

4

5

6

Is the facility an electricity-generating facility?

Is the facility a direct air capture (DAC) facility? If “Yes,” skip to line 12

If the facility isn’t an electricity-generating or DAC facility, state the nature of the facility

(for example, ethanol production, cement manufacturing, etc.)

.

7

8

What is the placed-in-service date of the facility (MM/DD/YYYY)?

Does the facility described above process carbon dioxide or any other gas from underground deposits?

.

8a If you answered “Yes” to line 8, was any gas obtained from a carbon dioxide production well at natural carbon dioxide-bearing

formations or at a naturally occurring subsurface spring, which means a well that contains 90% or greater carbon dioxide by

volume?

.

8b If you answered “Yes” to line 8a, you can’t treat the facility as a qualified industrial facility to the extent that it processed gas

described in line 8a during the tax year. See line 8c.

8c If you answered “Yes” to line 8a, do you attest that you meet the exception for a deposit that contains a product, other than carbon

oxide, that’s commercially viable to extract and sell without taking into account the availability of a commercial market for the

carbon oxide that’s extracted or any credit that might be available?

.

8d If you answered “Yes” to line 8c, have you attached an attestment letter from an independent registered engineer? Don’t treat the

facility as a industrial facility unless you answered “Yes” to both lines 8c and 8d. See instructions

What were the emissions of carbon oxide during the calendar year (amount released to

.

9

the atmosphere plus amount captured)?

.

9a Of the amount listed on line 9, what amount was carbon dioxide?

9b Of the amount listed on line 9, what amount was carbon monoxide?

.

10 Was annualization of first-year carbon oxide emissions required for this calendar year?

10a If you answered “Yes” to line 10, state the annualized carbon oxide emissions and attach

a statement that shows how you determined the annualized carbon oxide emissions

11 Was aggregation of multiple facilities required to achieve the requisite carbon capture thresholds?

.

11a If you answered “Yes” to line 11, attach a statement that lists the facilities and describes the appropriateness of their aggregation.

Section 2—Carbon capture equipment and DAC facility information:

12 Is carbon captured by a DAC facility?

.

13 State the location of the equipment or DAC facility (county and state)

14 Was any equipment placed in service prior to February 9, 2018? See instructions

15 What was the placed-in-service date (MM/DD/YYYY) of the equipment or DAC facility

described on line 13? See instructions

.

16 Are you the owner of the equipment described on line 13?

.

16a If you answered “No” to line 16, state your basis for claiming the credit

.

17 For equipment placed in service after February 9, 2018, do you attest that, to the best of your knowledge, you’re the only person

who will claim the credit for carbon oxide captured by each single train of equipment during the tax year (irrespective of any

election you make to allow a contracting disposer, injector, or utilizer to claim the credit)? Don’t claim the credit unless you can

answer “Yes.” See instructions

18 For the equipment described on line 13, what was the carbon capture capacity on or after

February 8, 2018?

* If available.

.

Model Certificate CF

Instructions for Form 8933 (Rev. 12-2023)

13

Page 2

Part I. Information About Industrial Facility, Carbon Capture Equipment, Carbon Oxide Sequestration Credit, and Elections

(continued)

Yes No

19 Was additional equipment installed on or after February 9, 2018?

19a For equipment described on line 19, what was the beginning of construction date

(MM/DD/YYYY)?

.

19b For equipment described on line 19, what was the placed-in-service date (MM/DD/

YYYY)?

.

19c Is the placed-in-service date of the equipment described on line 19 determined pursuant to the 80/20 rule?

19d If you answered “Yes” to line 19c, state your investment in new equipment and the fair

.

market value of pre-existing equipment

.

19e If the placed-in-service date of the equipment was determined pursuant to the 80/20 rule, did you include its investment in a

transportation pipeline as new equipment?

19f If you answered “Yes” to line 19e, state your investment in a transportation

pipeline

.

20 What was the total amount of carbon oxide captured during the calendar year (in metric

tons)?

.

20a Of the amount listed on line 20, what amount was carbon dioxide?

20b Of the amount listed on line 20, what amount was carbon monoxide?

.

21 Was annualization of first-year captured carbon oxide required for this calendar year?

21a If you answered “Yes” to line 21, state the annualized carbon oxide emissions

Section 3—Information about carbon oxide sequestration credit and your elections:

.

22 During the calendar year, are other parties contractually ensuring disposal, injection, or utilization of qualified carbon oxide captured

at this facility?

.

23 For this calendar year, do you elect to allow any of the parties described on line 22 to claim some or all of the credit?

24 If you answered “No” to line 14, do you elect to apply the $10 and $20 rates (adjusted for inflation) in lieu of the applicable dollar

amounts?

.

25 If you answered “Yes” to line 24, determine the credit using lines 1 through 6 in Part III.

26 If you answered “No” to line 24, determine the credit using lines 7 through 15 in Part III.

27 Is the facility described in Part I an applicable facility and are you making the election under section 45Q(f)(6)? See

instructions

.

27a If you answered “Yes” to both parts of line 27, determine the credit using lines 7, 8, or 9 in Part III. See instructions.

Part II. Reserved for future use.

Part III. Credit Calculation

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)

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).

(c) Carbon oxide

sequestration

(a) Metric tons

(b) Rate

credit. Multiply

column (a) by

column (b).

1a Metric tons captured and measured at the point of disposal

1b Metric tons captured and securely stored by you. Attach Model Certificates

DISP-Operator and DISP-Owner for each disposal site

.

1c Metric tons captured and securely stored (physically disposed) by another person.

Attach Model Certificates DISP-Operator and DISP-Owner for each disposal site

.

1d Add lines 1b and 1c

.

$26.94

1e Metric tons captured and securely stored (physically disposed) by another person and

for which you allow that person to claim the resulting carbon oxide sequestration credit.

Attach Model Certificate ELECT for each disposal site

.

1f

Your carbon oxide sequestration credit. Subtract line 1e from line 1d

.

Model Certificate CF

14

Instructions for Form 8933 (Rev. 12-2023)

Page 3

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)

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.

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

2a Metric tons captured and measured at the point of injection

.

2b Metric tons captured and injected by you. Attach Model Certificates EOR-Operator and

EOR-Owner for each recovery project

.

2c Metric tons captured and injected by another person. Attach Model Certificates

EOR-Operator and EOR-Owner for each recovery project

.

2d Add lines 2b and 2c

.

$13.47

2e Metric tons captured and injected by another person and for which you allow that

person to claim the resulting carbon oxide sequestration credit. Attach Model

Certificate ELECT for each recovery project

.

2f Your carbon oxide sequestration credit. Subtract line 2e from line 2d

.

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

3a Metric tons captured and measured at the point of utilization

.

3b Metric tons captured and physically utilized by you. Attach Model Certificate UTZ for

each utilization facility. Expressed as carbon dioxide equivalents that were determined

pursuant to an approved Life Cycle Assessment (LCA). See instructions

.

3c Metric tons captured and physically utilized by another person. Attach Model

Certificate UTZ for each utilization facility. Expressed as carbon dioxide equivalents

that were determined pursuant to an approved LCA. See instructions

.

3d Add lines 3b and 3c

.

$13.47

3e Metric tons captured and physically utilized by another person and for which you elect

to allow that person to claim the resulting carbon oxide sequestration credit. Expressed

as carbon dioxide equivalents that were determined pursuant to an approved LCA. See

instructions. Attach Model Certificate ELECT for each utilization facility

.

3f Your carbon oxide sequestration credit. Subtract line 3e from line 3d

.

Model Certificate CF

Instructions for Form 8933 (Rev. 12-2023)

15

Page 4

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)

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

4a Metric tons captured and measured at the point of disposal

.

4b Metric tons captured and securely stored (physically disposed) by you. Attach Model

Certificates DISP-Operator and DISP-Owner for each disposal site

4c Metric tons captured and securely stored (physically disposed) by another person.

Attach Model Certificates DISP-Operator and DISP-Owner for each disposal site

4d Add lines 4b and 4c

.

$134.70

4e Metric tons captured and securely stored (physically disposed) by another person and

for which you allow that person to claim the resulting carbon oxide sequestration credit.

Attach Model Certificate ELECT for each disposal site

.

4f Your carbon oxide sequestration credit. Subtract line 4e from line 4d

.

Note. Enter $26.94 in column (b) for lines 4d, 4e, and 4f if prevailing wage and apprenticeship requirements aren't met.

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.

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

5a Metric tons captured and measured at the point of injection

.

5b Metric tons captured and injected by you. Attach Model Certificates EOR-Operator and

EOR-Owner for each recovery project

.

5c Metric tons captured and injected by another person. Attach Model Certificates

EOR-Operator and EOR-Owner for each recovery project

.

5d Add lines 5b and 5c

.

$67.35

5e Metric tons captured and injected by another person and for which you allow that

person to claim the resulting carbon oxide sequestration credit. Attach Model

Certificate ELECT for each recovery project

.

5f Your carbon oxide sequestration credit. Subtract line 5e from line 5d

.

Note. Enter $13.47 in column (b) for lines 5d, 5e, and 5f if prevailing wage and apprenticeship requirements aren't met.

Model Certificate CF

16

Instructions for Form 8933 (Rev. 12-2023)

Page 5

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)

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

6a Metric tons captured and measured at the point of utilization

.

6b Metric tons captured and physically utilized by you. Attach Model Certificate UTZ for

each utilization facility. Expressed as carbon dioxide equivalents that were determined

pursuant to an approved Life Cycle Assessment (LCA). See instructions

.

6c Metric tons captured and physically utilized by another person. Attach Model

Certificate UTZ for each utilization facility. Expressed as carbon dioxide equivalents

that were determined pursuant to an approved LCA. See instructions

.

6d Add lines 6b and 6c

.

$67.35

6e Metric tons captured and physically utilized by another person and for which you elect

to allow that person to claim the resulting carbon oxide sequestration credit. Expressed

as carbon dioxide equivalents that were determined pursuant to an approved LCA. See

instructions. Attach Model Certificate ELECT for each utilization facility

.

6f Your carbon oxide sequestration credit. Subtract line 6e from line 6d

.

Note. Enter $13.47 in column (b) for lines 6d, 6e, and 6f if prevailing wage and apprenticeship requirements aren't met.

Section B—Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3)

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

7a Metric tons captured and measured at the point of disposal

.

7b Metric tons captured and securely stored (physically disposed) by you. Attach Model

Certificates DISP-Operator and DISP-Owner for each disposal site

7c Metric tons captured and securely stored (physically disposed) by another person.

Attach Model Certificates DISP-Operator and DISP-Owner for each disposal site

7d Add lines 7b and 7c

.

$40.89

7e Metric tons captured and securely stored (physically disposed) by another person and

for which you allow that person to claim the resulting carbon oxide sequestration credit.

Attach Model Certificate ELECT for each disposal site

.

7f Your carbon oxide sequestration credit. Subtract line 7e from line 7d

.

Model Certificate CF

Instructions for Form 8933 (Rev. 12-2023)

17

Page 6

Section B—Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) (continued)

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.

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

8a Metric tons captured and measured at the point of injection

.

8b Metric tons captured and injected by you. Attach Model Certificates EOR-Operator

and EOR-Owner for each recovery project

.

8c Metric tons captured and injected by another person. Attach Model Certificates

EOR-Operator and EOR-Owner for each recovery project

.

8d Add lines 8b and 8c .

.

$27.61

8e Metric tons captured and injected by another person and for which you allow that

person to claim the resulting carbon oxide sequestration credit. Attach Model

Certificate ELECT for each recovery project

.

8f

Your carbon oxide sequestration credit. Subtract line 8e from line 8d

.

$27.61

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

9a Metric tons captured and measured at the point of utilization

.

9b Metric tons captured and physically utilized by you. Attach Model Certificate UTZ for

each utilization facility. Expressed as carbon dioxide equivalents that were determined

pursuant to an approved Life Cycle Assessment (LCA). See instructions

.

9c Metric tons captured and physically utilized by another person. Attach Model

Certificate UTZ for each utilization facility. Expressed as carbon dioxide equivalents

that were determined pursuant to an approved LCA. See instructions

.

9d Add lines 9b and 9c

.

$27.61

9e Metric tons captured and physically utilized by another person and for which you elect

to allow that person to claim the resulting carbon oxide sequestration credit.

Expressed as carbon dioxide equivalents that were determined pursuant to an

approved LCA. See instructions. Attach Model Certificate ELECT for each utilization

project

.

9f Your carbon oxide sequestration credit. Subtract line 9e from line 9d

.

Model Certificate CF

18

Instructions for Form 8933 (Rev. 12-2023)

Page 7

Section B—Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) (continued)

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

10a Metric tons captured and measured at the point of disposal

.

10b Metric tons captured and securely stored (physically disposed) by you. Attach Model

Certificates DISP-Operator and DISP-Owner for each disposal site

10c Metric tons captured and securely stored (physically disposed) by another person.

Attach Model Certificates DISP-Operator and DISP-Owner for each disposal site

10d Add lines 10b and 10c

.

$85

10e Metric tons captured and securely stored (physically disposed) by another person and

for which you allow that person to claim the resulting carbon oxide sequestration.

Attach Model Certificate ELECT for each disposal site

.

10f Your carbon oxide sequestration credit. Subtract line 10e from line 10d

.

Note. Enter $17 in column (b) for lines 10d, 10e, and 10f if prevailing wage and apprenticeship requirements aren't met.

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.

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

11a Metric tons captured and measured at the point of injection

.

11b Metric tons captured and injected by you. Attach Model Certificates EOR-Operator

and EOR-Owner for each recovery project

.

11c Metric tons captured and injected by another person. Attach Model Certificates

EOR-Operator and EOR-Owner for each recovery project

.

11d Add lines 11b and 11c

.

$60

11e Metric tons captured and injected by another person and for which you allow that

person to claim the resulting carbon oxide sequestration credit. Attach Model

Certificate ELECT for each recovery project

.

11f Your carbon oxide sequestration credit. Subtract line 11e from line 11d

.

Note. Enter $12 in column (b) for lines 11d, 11e, and 11f if prevailing wage and apprenticeship requirements aren't met.

Model Certificate CF

Instructions for Form 8933 (Rev. 12-2023)

19

Page 8

Section B—Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) (continued)

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

12a Metric tons captured and measured at the point of utilization

.

12b Metric tons captured and physically utilized by you. Attach Model Certificate UTZ for

each utilization facility. Expressed as carbon dioxide equivalents that were determined

pursuant to an approved Life Cycle Assessment (LCA). See instructions

.

12c Metric tons captured and physically utilized by another person. Attach Model

Certificate UTZ for each utilization facility. Expressed as carbon dioxide equivalents

that were determined pursuant to an approved LCA. See instructions

.

12d Add lines 12b and 12c

.

$60

12e Metric tons captured and physically utilized by another person and for which you elect

to allow that person to claim the resulting carbon oxide sequestration credit.

Expressed as carbon dioxide equivalents that were determined pursuant to an

approved LCA. See instructions. Attach Model Certificate ELECT for each utilization

project

.

12f Your carbon oxide sequestration credit. Subtract line 12e from line 12d

.

Note. Enter $12 in column (b) for lines 12d, 12e, and 12f if prevailing wage and apprenticeship requirements aren't met.

Section C—Qualified DAC Facilities Under Section 45Q(d) Placed in Service After 2022

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

13a Metric tons captured and measured at the point of disposal

.

13b Metric tons captured and securely stored (physically disposed) by you. Attach Model

Certificates DISP-Operator and DISP-Owner for each disposal site

13c Metric tons captured and securely stored (physically disposed) by another person.

Attach Model Certificates DISP-Operator and DISP-Owner for each disposal site

13d Sum of 13b and 13c

.

$180

13e Metric tons captured and securely stored (physically disposed) by another person and

for which you allow that person to claim the resulting carbon oxide sequestration

credit. Attach Model Certificate ELECT for each disposal site

.

13f Your carbon oxide sequestration credit. Subtract line 13e from line 13d

.

Note. Enter $36 in column (b) for lines 13d, 13e, and 13f if prevailing wage and apprenticeship requirements aren't met.

Model Certificate CF

20

Instructions for Form 8933 (Rev. 12-2023)

Page 9

Section C—Qualified DAC Facilities Under Section 45Q(d) Placed in Service After 2022 (continued)

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.

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

14a Metric tons captured and measured at the point of injection

.

14b Metric tons captured and injected by you. Attach Model Certificates EOR-Operator

and EOR-Owner for each recovery project

.

14c Metric tons captured and injected by another person. Attach Model Certificates

EOR-Operator and EOR-Owner for each recovery project

.

14d Add lines 14b and 14c

.

$130

14e Metric tons captured and injected by another person and for which you allow that

person to claim the resulting carbon oxide sequestration credit. Attach Model

Certificate ELECT for each recovery project

.

14f Your carbon oxide sequestration credit. Subtract line 14e from line 14d

.

Note. Enter $26 in column (b) for lines 14d, 14e, and 14f if prevailing wage and apprenticeship requirements aren't met.

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).

(c) Carbon oxide

sequestration credit.

Multiply column (a)

by column (b).

(a) Metric tons

(b) Rate

15a Metric tons captured and measured at the point of utilization

.

15b Metric tons captured and physically utilized by you. Attach Model Certificate UTZ for

each utilization facility. Expressed as carbon dioxide equivalents that were determined

pursuant to an approved Life Cycle Assessment (LCA). See instructions

.

15c Metric tons captured and physically utilized by another person. Attach Model

Certificate UTZ for each utilization facility. Expressed as carbon dioxide equivalents

that were determined pursuant to an approved LCA. See instructions

.

15d Sum of 15b and 15c

.

$130

15e Metric tons captured and physically utilized by another person and for which you elect

to allow that person to claim the resulting carbon oxide sequestration credit.

Expressed as carbon dioxide equivalents that were determined pursuant to an

approved LCA. See instructions. Attach Model Certificate ELECT for each utilization

project

.

15f Your carbon oxide sequestration credit. Subtract line 15e from line 15d

.

Note. Enter $26 in column (b) for lines 15d, 15e, and 15f if prevailing wage and apprenticeship requirements aren't met.

Model Certificate CF

Instructions for Form 8933 (Rev. 12-2023)

21

Page 10

Capture Facility Certification (continued)

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of the subject capture facility. I further attest that the above

information is true and correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Model Certificate CF

22

Instructions for Form 8933 (Rev. 12-2023)

Model Certificate DISP-Operator

Disposal Operator Certification

2023

Name(s) shown on return:

Information about the owners of the geologic disposal site:

Identifying number:

1

In Table 1 below, list information about each owner of the disposal site during the calendar year. If there’re more than four owners, prepare a

separate table with all the owner information and attach it to this model certificate.

If one or more of the owners is a partnership or S corporation, provide information for the pass-through entity, not partners or shareholders.

If one or more of the owners is part of a joint venture that has elected out of subchapter K of the Code, provide information for all such owners.

Table 1 — Information About the Owner(s) of the Disposal Site

Disposal site

owner

Operating

interest (%)

Name

Address

EIN

1

2

3

4

Information about the geologic disposal site:

2

3

4

Name and location (county and state, or offshore tract)

List the name and EIN of the operator of the site

.

List any other companies that are identified as the operator of the project for any other

purpose(s) and the nature of the purpose

5a IRS-issued registration number(s) for the geologic disposal facility

5b Geologic disposal site’s EPA e-GGRT ID number(s)*

.

6

7

When did injection of captured qualified carbon oxide begin (MM/YYYY)?

Check here to declare that all figures of stored carbon oxide on this certificate are for carbon oxide consistent with figures reported to the

EPA pursuant to the applicable MRV plan and subpart RR of the EPA's Greenhouse Gas Reporting Program

Attach a copy of the approved MRV plan or provide the URL where it can be viewed on the EPA website.

.

8

Information about the qualified carbon oxide supplied to the geologic disposal site and securely stored:

9

In Table 2, provide information about all suppliers of qualified carbon oxide during the calendar year. “Qualified” carbon oxide means carbon

oxide from a supplier who attests that the carbon oxide was captured at one of its section 45Q facilities. For qualified carbon oxide, “supplier”

means the person who captured the qualified carbon oxide, which may differ from the company that sold the qualified carbon oxide or

physically delivered the qualified carbon oxide to the owner of the geologic disposal site.

Table 2 — Information About Suppliers of Qualified Carbon Oxide

Check if supplier

Name and location

of capture facility

(county, state)

IRS-issued

registration

number

supplied any

nonqualified

Qualified carbon

oxide supplier

EPA's

e-GGRT ID*

Name

EIN

carbon oxide

from any source

1

2

3

* If available.

Model Certificate DISP-Operator

Instructions for Form 8933 (Rev. 12-2023)

23

Page 2

Disposal Operator Certification (continued)

10 Complete Table 3 below using information that’s consistent with all applicable EPA filings. If there’re more than four owners of the geologic

disposal site or suppliers of qualified carbon oxide, prepare a separate table with all the supplier information and attach it to this model

certificate.

11

Check here to attest that all figures in Table 3 conform to all applicable EPA filings

.

Table 3 — Information About Disposal

Qualified carbon Qualified carbon Qualified carbon

Total qualified

oxide supplier carbon oxide from all

number 3 suppliers

All other suppliers

of nonqualified

carbon oxide

Total metric tons for all

carbon oxide suppliers

oxide supplier

number 1

oxide supplier

number 2

(H)

(I) Metric

tons

Metric

tons

(L) Metric

(M) Metric

tons

(A)

Geologic

disposal

(B)

Metric Metric Metric

tons tons tons

(C)

(D)

(E)

Metric

tons

(F)

(G)

(K)

stored (J) Metric

tons stored

delivered

(add

Metric Metric delivered

Metric

tons

(add

tons

(add

columns delivered

(C), (E),

columns (I)

columns

and (K))

site owner delivered stored delivered stored delivered stored columns

stored

(B), (D),

and (F))

(H) and (J))

and (G))

1

2

3

4

5

Total

(add lines

1 through

4)

Under penalties of perjury, I attest that I am an officer of the company that’s the operator of the subject geologic disposal site or that I have been

designated by the operating interest owners to prepare and submit this certificate to the IRS on their behalf. I further attest that the above information

is true and correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company’s name and EIN

Model Certificate DISP-Operator

24

Instructions for Form 8933 (Rev. 12-2023)

Model Certificate DISP-Owner

Disposal Owner Certification

2023

Name(s) shown on return:

Information about you, the owner of the geologic disposal site:

Identifying number:

1

2

3

Name

Address

EIN

.

Information about your suppliers of qualified carbon oxide. Complete a separate Model Certificate DISP-Owner for each of your

suppliers of qualified carbon oxide:

4

5

6

7

8

Name

EIN

.

Name and location of facility (if supplier supplied any qualified carbon oxide)

Type of industrial facility at which the supplier captured its qualified carbon oxide

Check here if you were one of the suppliers. Don’t check unless the EIN of the supplier of the qualified carbon oxide is the same

as the EIN of the entity that’s an owner of the geologic disposal site. If the EINs aren’t the same, there must be a binding written

contract between the entities

.

9

Unless line 8 is checked, do you attest that a binding written contract between you and the supplier exists that ensures that you

Yes

No

will securely store the qualified carbon oxide in the manner required under section 45Q and the underlying regulations?

.

10 Provide the date (MM/DD/YYYY) of the contract referenced in the line above or the date of the most

recent amendment

.

11 Metric tons of qualified carbon oxide received from the supplier during the calendar year (metric tons

should agree with the figure reported for you for this supplier by the project's operator in Model

Certificate DISP-Operator, Table 3)

.

12 Metric tons of qualified carbon oxide received from the supplier and stored by you during the

calendar year (metric tons should agree with the figure reported for you for this supplier by the

disposal site's operator in Model Certificate DISP-Operator, Table 3)

.

13 Metric tons of nonqualified carbon oxide received by you during the calendar year

14 Metric tons of nonqualified carbon oxide stored by you during the calendar year (metric tons should

be from Model Certificate DISP-Operator, Table 3)

15 Add lines 11 and 13. Total amount of qualified carbon oxide injected (amount should agree with the

.

figure reported for you in Model Certificate DISP-Operator, Table 3)

.

16 Add lines 12 and 14. Total amount of qualified carbon oxide stored (amount should agree with the

figure for you in Model Certificate DISP-Operator, Table 3)

.

17 Reserved for future use.

18 Check here if you attest that the supplier of qualified carbon oxide elected to allow you to claim some or all of the carbon oxide

sequestration credit attributable to their qualified carbon oxide. If you checked the box, attach a copy of Model Certificate

ELECT signed by the supplier for this calendar year

.

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of the subject DISP project. I further attest that the above

information is true and correct and that I have provided a signed copy of this completed certificate to each person who supplied qualified carbon

oxide to my company for use at the subject DISP project during this calendar year.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Model Certificate DISP-Owner

Instructions for Form 8933 (Rev. 12-2023)

25

Model Certificate EOR-Operator

Enhanced Oil Recovery Operator Certification

2023

Name(s) shown on return:

Information about the owners of the EOR project:

Identifying number:

1

In Table 1 below, list information about each owner of the EOR project during the calendar year. If there’re more than four owners, prepare a

separate table with all the owner information and attach it to this model certificate.

If one or more of the owners is a partnership or S corporation, provide information for the pass-through entity, not partners or shareholders.

If one or more of the owners is part of a joint venture that has elected out of subchapter K of the Code, provide the information for all such

owners.

Table 1 — Information About the Owner(s) of the EOR Project

EOR project

owner

Name

Address

EIN

Operating

interest (%)

1

2

3

4

Information about the EOR project:

2

Name and location (county and state)

.

3

List the name and EIN of the person who, for purposes of Regulations section 1.45Q-2(h), is

the operator of the project

.

4

List any other companies that are identified as the operator of the project for any other

purpose(s) and the nature of the purpose

.

5a IRS-issued registration number(s) for the EOR project

5b EPA e-GGRT ID number(s)*

.

6

7

Date (MM/YYYY) on which the injection of captured qualified carbon oxide began

If the project was previously certified under section 43, state the name of the certified project

and date (MM/DD/YYYY) of the petroleum engineer's certification

.

8

If the project wasn’t previously certified under section 43, attach a copy of a valid petroleum engineer's certification to this Model Certificate

EOR-Operator.

Yes No

9

Is this project an enhanced natural gas recovery project?

.

10 Are all injection wells appropriately permitted? See Secure geological storage, earlier

11 If you answered “No” to line 10, the credit can’t be claimed.

12 Are any of the wells in the project EPA Class VI?

.

13 If you answered “Yes” to line 12, check here to declare that all figures of stored qualified carbon oxide on this model

certificate are consistent with figures reported to the EPA pursuant to the applicable MRV plan and subpart RR of

EPA’s Greenhouse Gas Reporting Program

.

14 If you answered “Yes” to line 12, provide the EPA approval date (MM/DD/YYYY) of the MRV

plan, and attach a copy of the approved MRV plan or its URL on the EPA's website

15 If you answered “Yes” to line 10 and “No” to line 12, are you relying on subpart RR of the

Greenhouse Gas Reporting Program or ISO 27916 to demonstrate secure storage (check

which one)?

.

Subpart RR

ISO 27916

16 If line 15 is subpart RR, provide the EPA approval date (MM/DD/YYYY) of the MRV plan, and

attach a copy of the approved MRV plan or its URL on the EPA's website

17 If line 15 is ISO 27916, attach a copy of the ISO 27916 documentation for the year.

.

18 If line 15 is ISO 27916, attach a copy of the certification completed by a qualified independent engineer or geologist.

Information about the qualified carbon oxide supplied to the EOR project and securely stored:

19 In Table 2, provide information about all suppliers of qualified carbon oxide during the calendar year. “Qualified” carbon oxide means carbon

oxide from a supplier who attests that the carbon oxide was captured at one of its 45Q facilities. For qualified carbon oxide, “supplier” means

the person who captured the qualified carbon oxide, who may differ from the company that sold the carbon oxide or physically delivered the

carbon oxide to the owner of the EOR utilization facility.

* If available.

Model Certificate EOR-Operator

26

Instructions for Form 8933 (Rev. 12-2023)

Page 2

Enhanced Oil Recovery Operator Certification (continued)

Table 2 — Information About Suppliers of Qualified Carbon Oxide

Check if

supplier

provided

any

nonqualified

carbon oxide

Qualified

carbon oxide

supplier

Location of capture

facility

Check if supplier

provided any qualified

carbon oxide

Name of

capture facility

Name

EIN

(county, state)

1

2

3

20

Complete Table 3 below using information that conforms to all applicable EPA filings and certified ISO 27916 documentation if it was used to

demonstrate secure storage. If there’re more than four owners of the EOR project or three suppliers of qualified carbon oxide, prepare a

separate table that includes all relevant information and attach it to this model certificate.

21 Check here to attest that all figures in Table 3 conform to all applicable EPA filings and certified ISO 27916 documentation

.

Table 3 — Information About Enhanced Oil Recovery

Qualified carbon Qualified carbon Qualified carbon

Total qualified

carbon oxide from

all suppliers

All other

Total metric tons for all

carbon oxide suppliers

oxide supplier

number 1

oxide supplier

number 2

oxide supplier

number 3

suppliers of

nonqualified

carbon oxide

(I)

(H)

Metric

tons

(L) Metric

tons

(M) Metric

tons stored

(add

(B)

Metric

tons

(C)

Metric

tons

(D)

Metric Metric Metric

tons tons tons

(E)

(F)

(G)

tons

(J)

(K)

Metric

tons

(A) EOR

project

owner

stored

Metric delivered

Metric

tons

(add

columns

(C),

delivered

tons

(add

(add columns columns (I)

(H) and (J))

delivered stored delivered stored delivered stored columns

delivered stored

and (K))

(B), (D),

and (F))

(E), and

(G))

1

2

3

4

5

Total (add

lines 1

through 4)

Under penalties of perjury, I attest that I am an officer of the company that’s the operator of the subject EOR project or that I have been designated

by the operating interest owners to prepare and submit this certificate to the IRS on their behalf. I further attest that the above information is true and

correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Model Certificate EOR-Operator

Instructions for Form 8933 (Rev. 12-2023)

27

Model Certificate EOR-Owner

Enhanced Oil Recovery Owner Certification

2023

Name(s) shown on return:

Information about you, the owner of the EOR project:

Identifying number:

1

2

3

Name

Address

EIN

.

Information about all suppliers of qualified carbon oxide to you. Complete multiple model certificates if you had more than one supplier

of qualified carbon oxide:

4

5

6

7

8

Name

EIN

.

Name and location (county, state) of qualified carbon oxide capture facility

Type of industrial facility at which the supplier captured its qualified carbon oxide

Check here if you were one of the suppliers. Don’t check unless the EIN of the supplier of the qualified carbon oxide is the

same as the EIN of the entity that’s an owner of the geologic disposal site. If the EINs aren’t the same, there must be a binding

written contract between the entities

.

9

Unless line 8 is checked, do you attest that a binding written contract between you and the supplier exists that ensures that

you will securely store the qualified carbon oxide in the manner required under section 45Q and the underlying regulations?

Yes

No

10 Provide the date (MM/DD/YYYY) of the contract referenced in the line above or the date of the

most recent amendment

.

11 Metric tons of qualified carbon oxide received from the supplier during the calendar year

(metric tons should agree with the figure reported for you for this supplier by the project's

operator in Model Certificate EOR-Operator, Table 3)

.

12 Metric tons of qualified carbon oxide stored by you during the year (metric tons should agree

with the figure reported for you for this supplier by the disposal site's operator in Model

Certificate EOR-Operator, Table 3)

.

13 Metric tons of nonqualified carbon oxide received by you during the year

14 Metric tons of nonqualified carbon oxide utilized as a tertiary injectant stored by you during the

calendar year (metric tons should be from Model Certificate EOR-Operator, Table 3)

15 Add lines 11 and 13. Total amount of qualified carbon oxide injected (amount should agree with

the figure for you in Model Certificate EOR-Operator, Table 3)

.

16 Add lines 12 and 14. Total amount of qualified carbon oxide stored (amount should agree with

the figure for you in Model Certificate EOR-Operator, Table 3)

.

17 Reserved for future use.

18 Check here if you attest that the supplier of qualified carbon oxide elected to allow you to claim some or all of the carbon oxide

sequestration credit attributable to their qualified carbon oxide. If you checked the box, attach a copy of Model Certificate

ELECT signed by both you and the supplier for this calendar year

.

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of the subject EOR project. I further attest that the above

information is true and correct and that I have provided a signed copy of this completed certificate to each person who supplied qualified carbon

oxide to my company for use at the subject EOR project during this year.

Signature and date signed

Printed or typed name and title of person signing this report

Title

Company's name and EIN

Model Certificate EOR-Owner

28

Instructions for Form 8933 (Rev. 12-2023)

Model Certificate UTZ

Utilization Certification

2023

Name(s) shown on return:

Part I. Information About the Qualified Carbon Utilization Facility and Utilization of Carbon Oxide

Section 1—Information about owner or lessee(s) of the carbon utilization facility and utilization of qualified carbon oxide at this facility:

Identifying number:

1

In Table 1 below, list information about each owner or lessee of the carbon oxide utilization facility during the calendar year. If there’re more than

four owners or lessees, prepare a separate table with all the owner or lessee information and attach it to this model certificate.

Note. If one or more of the owners is a partnership or S corporation, provide information for the pass-through entity, not partners or shareholders.

Table 1 — Information About the Owner(s) or Lessee(s) of the Qualified Carbon Utilization Facility

Owner/Lessee

Name

Address

EIN

Operating interest (%)

1

2

3

4

Total

2

3

4

5

Name of the utilization facility

Location of the utilization facility (street, county, and state)

Registered owner or operator

.

Provide information about utilization of qualified carbon oxide at this facility below.

Check all that apply

Describe in more detail how the qualified carbon oxide is utilized

a

b

c

Fixation through photosynthesis or

chemosynthesis, such as through the growing of

algae or bacteria.

Chemical conversion to a material or chemical

compound in which qualified carbon oxide is

securely stored.

For any other purpose for which a commercial

market exists (with the exception of use as a

tertiary injectant in a qualified enhanced oil or

natural gas recovery project), as determined by

regulations or other official guidance.

Yes No

5.1 Do you attest that a commercial market exists for your particular product, process, or service?

.

5.2 Have you attached a statement substantiating that a commercial market exists? Don’t complete this model certificate unless you

answered “Yes” to the questions on lines 5.1 and 5.2. See instructions

.

Model Certificate UTZ

Instructions for Form 8933 (Rev. 12-2023)

29

30

Instructions for Form 8933 (Rev. 12-2023)

31

32

Instructions for Form 8933 (Rev. 12-2023)

33

Model Certificate ELECT

Election Certification

2023

Name(s) shown on return:

Identifying number:

Part I. Information About Electing Taxpayer and Credit Claimant

Section 1—Electing taxpayer's information from Model Certificate CF:

1

2

3

4

5

6

Name

Address

TIN

.

Location of capture facility

Placed-in-service date of carbon capture equipment. See Rev. Rul. 2021-13, 2021-30 I.R.B. 152

Type of industrial facility

.

7a IRS-issued registration number for each facility where carbon oxide was captured

7b EPA e-GGRT ID number(s)* of each facility where carbon oxide was captured

.

Section 2—Information about the credit claimant. Complete a separate Model Certificate ELECT for each credit claimant (see

instructions):

8

9

Name

.

Address

10 TIN

.

11 Do you attest that the credit claimant isn’t a subcontractor? If you can’t answer “Yes,” you can’t elect to allow the credit claimant to

claim any of your credit

Yes No

.

12 Check which statement applies:

a

b

c

Credit claimant disposed of qualified carbon oxide in secure geological storage and didn’t use it as a tertiary injectant in a qualified

enhanced oil or natural gas recovery project, nor utilized it in a way described in section 45Q(f)(5).

Credit claimant disposed of qualified carbon oxide in secure geological storage and used it as a tertiary injectant in a qualified

enhanced oil or natural gas recovery project.

Credit claimant utilized qualified carbon oxide in a way described in section 45Q(f)(5).

13 Location of disposal site if box 12a or 12b was checked

.

14a IRS-issued registration number for each disposal site if box 12a or 12b was checked

14b EPA e-GGRT ID number(s)* of each disposal site if box 12a or 12b was checked

15 Check which statement applies:

.

a

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a 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 in a way described in section 45Q(f)(5).

b

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a 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.

c

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a facility on or after February 9, 2018,

and before 2023, and utilized as described in section 45Q(f)(5).

d

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a 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).

e

f

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a 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.

Qualified carbon oxide captured using carbon capture equipment originally placed in service at a 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).

16

If box 15a, 15b, or 15c was checked, check here if you elect to claim the credit rates for equipment placed in service prior to the

enactment of the Bipartisan Budget Act of 2018.

Model Certificate ELECT

34

Instructions for Form 8933 (Rev. 12-2023)

Page 2

Election Certification (continued)

Section 2—Information about the credit claimant. Complete a separate Model Certificate ELECT for each credit claimant (see

instructions): (continued)

17 Check the correct credit rate that applies to 2023 based on the boxes checked for lines 12, 15, and 16.

a

b

c

d

$26.94 ($20 plus inflation for old equipment)

$13.47 ($10 plus inflation for old equipment)

$26.94 ($134.70**) for new equipment and qualified carbon oxide disposed of in secure storage and not used in EOR

$13.47 ($67.35**) for new equipment and qualified carbon oxide disposed of in secure storage and used in EOR or utilized in a manner

described in section 45Q(f)(5)

e

f

$40.89 for new equipment and qualified carbon oxide disposed of in secure storage and not used in EOR

$27.61 for new equipment and qualified carbon oxide disposed of in secure storage and used in EOR or utilized in a manner described

in section 45Q(f)(5)

g

h

$17 ($85**) for equipment placed in service after 2022 and qualified carbon oxide disposed of in secure storage and not used in EOR

$12 ($60**) for equipment placed in service after 2022 and qualified carbon oxide disposed of in secure storage and used in EOR or

utilized in a manner described in section 45Q(f)(5)

i.

$36 ($180**) for DAC equipment placed in service after 2022 and qualified carbon oxide disposed of in secure storage and not used in

EOR

j

$26 ($130**) for DAC equipment placed in service after 2022 and qualified carbon oxide disposed of in secure storage and used in

EOR or utilized in a manner described in section 45Q(f)(5)

* If available.

** If prevailing wage and apprenticeship requirement are met.

Part II. Election Information

1

If box 12a was checked, metric tons of qualified carbon oxide captured by the Electing Taxpayer and

disposed of in secure geological storage by the Credit Claimant and not used as a tertiary injectant in a

qualified enhanced oil or natural gas recovery project, nor utilized it in a way described in section 45Q(f)

(5) (metric tons should agree with the amount on Model Certificate DISP-Owner, line 12)

.

2

If box 12b was checked, metric tons of qualified carbon oxide captured by the Electing Taxpayer and

disposed of in secure geological storage by the Credit Claimant and used as a tertiary injectant in a

qualified enhanced oil or natural gas recovery project (metric tons should agree with the amount on

Model Certificate EOR-Owner, line 12)

If box 12c was checked, metric tons of the Electing Taxpayer's qualified carbon oxide, expressed as

carbon dioxide equivalent, utilized in the Credit Claimant's facility and determined by an LCA (metric tons

should agree with the amount in Model Certificate UTZ, Part III, line 12)

.

3

4

.

Metric tons of qualified carbon oxide listed on line 1, 2, or 3, allowed by electing taxpayer to be claimed

by the credit claimant. Based upon the box checked in Part I, line 15, electing taxpayer adds this amount

to Model Certificate CF, Part III, column (a) of lines 1e, 2e, 3e, 4e, 5e, 6e, 7e, 8e, 9e, 10e, 11e, 12e, 13e,

14e, or 15e

.

5

6

2023 credit rate from line 17 of Part I

.

Multiply line 4 by line 5. Carbon oxide sequestration credit allowed by electing taxpayer to be claimed by

the credit claimant. Credit claimant adds this amount to its Form 8933, line 19

.

7

8

Subtract line 4 from amount listed on lines 1, 2, or 3. Metric tons of qualified carbon oxide not allowed by

electing taxpayer to be claimed by the credit claimant

.

Multiply line 7 by line 5. Carbon oxide sequestration credit retained by the electing taxpayer

.

Model Certificate ELECT

Page 3

Instructions for Form 8933 (Rev. 12-2023)

35

Election Certification (continued)

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of carbon capture equipment described in Part I, lines 1

through 7. I further attest that the above information is true and correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of the carbon oxide disposal, use, or utilization site described

in Part I, lines 8 through 12. I further attest that the above information is true and correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Model Certificate ELECT

36

Instructions for Form 8933 (Rev. 12-2023)

Model Certificate RECAPTURE

Recapture Certification

2023

Name(s) shown on return:

Identifying number:

Part I. Information About the Geologic Disposal Site

Section 1—Information about the owner(s) of the geologic disposal site:

Table 1 — Information About the Owner(s) of the Geologic Disposal Site

2023 2022

Name, EIN,

and address

1

2021

Name, EIN,

and address

2020

Operating

Name, EIN,

Operating

interest (%)

Name, EIN,

and address

Operating

interest (%) and address

interest (%)

Owner A

Owner B

Owner C

Owner D

All other

owners.

Attach a

complete

table on

a

separate

sheet.

Section 2—Information about the geologic disposal site or EOR project for 2023:

2

3

4

Indicate if the project is a geologic disposal site (without EOR) or an EOR project

.

Name and location (county and state)

.

List the name and EIN of the person who, for purposes of Regulations section 1.45Q-2(h), is the operator

of the project

.

5

List any other companies that are identified as the operator of the project for any other purpose(s) and the

nature of the purpose(s)

.

6a IRS-issued registration number(s) for geologic disposal site

6b EPA e-GGRT ID number(s)*

.

7

8

When did injection of captured carbon oxide begin (MM/YYYY)?

If the EOR project was previously certified under section 43, state the name of the certified project and the

date (MM/DD/YYYY) of the petroleum engineer's certification

.

9

If the EOR project wasn’t previously certified under section 43, attach a copy of a valid petroleum engineer's certification to this Model

Certificate RECAPTURE.

Yes

No

10 Is this EOR project an enhanced natural gas recovery project?

11–15 Reserved for future use.

.

16 If the amount of sequestered carbon oxide has been determined pursuant to 40 CFR Part 98 subpart RR, attach a copy of the approved

MRV plan or provide the URL of it on the EPA's website.

17 If the amount of sequestered carbon oxide has been determined pursuant to ISO 27916, attach a copy of the ISO 27916 documentation for

the calendar year. Also attach a copy of the certification by a qualified independent engineer or geologist.

* If available.

Model Certificate RECAPTURE

Instructions for Form 8933 (Rev. 12-2023)

37

Page 2

Part II. Determination of Recaptured Qualified Carbon Oxide

1

2

3

List the total metric tons of qualified carbon oxide securely stored in the geologic disposal site or EOR project during

2023

Metric tons of qualified carbon oxide that, during 2023, the owner, operator, or regulatory agency determined has leaked

from the containment area of the reservoir during 2023 or previous calendar years if not previously accounted for .

.

Metric tons of qualified carbon oxide that, during 2023, the owner, operator, or regulatory agency determined has leaked

from the containment area of the reservoir during 2023 or previous calendar years if not previously accounted for, and will

eventually migrate to the atmosphere

.

4

5

If line 3 is less than line 2, attach a statement explaining how you determined that the qualified carbon oxide won’t eventually

migrate to the atmosphere.

Subtract line 1 from line 3. If greater than zero, a recapture event has occurred. This is the qualified carbon oxide subject to

recapture. See Regulations section 1.45Q-5(d). Complete the remainder of Part II. Don’t complete this model certificate if a

recapture event didn’t occur

Attach a statement describing the cause of the leakage of qualified carbon oxide.

Which regulatory agencies were made aware of the leakage of qualified carbon oxide?

.

6

7

.

8

Attach a copy of Model Certificate DISP-Operator or Model Certificate EOR-Operator for this disposal site for each of the previous THREE

calendar years.

9

Complete Table 2 below.

10 In column (C), list the amount of total carbon oxide stored in each of the THREE calendar years prior to the current calendar year. This would be

from Model Certificate EOR-Operator, Table 3, column (M), row (5), for each year.

11 In columns (E), (F), (G), (H), and (I), allocate the amount in column (D) to each owner of the geologic disposal site or EOR project for each year.

Check the box if the carbon oxide was qualified. Use two columns for any owner that stored both qualified and nonqualified carbon oxide. If

more columns are needed, attach a separate table that shows the allocation for all owners. You should allocate the amount of stored carbon

oxide on a pro rata basis, using figures from Model Certificate EOR-Operator, Table 3, of each year, unless there is a sound engineering basis to

do otherwise.

12 Check here if the allocation of the amounts in column (D) were done in a manner other than pro rata and attach an explanatory

statement

.

Table 2 — Information About Stored Carbon Oxide Subject to Recapture

(C)

Metric

Allocation of stored carbon oxide subject to recapture

(F) (G) (H) (I) (J)

(E)

(K)

tons of

stored

Owner

name

Reserved

for future

use

Total. Add

columns (E)

through (I)

carbon

oxide

from

Table 3 of

the

applicable

Operator

Certificate

for the

indicated

year

and EIN

(D) Stored

carbon oxide

subject to

(A)

Year

prior

Check if

carbon

oxide

(B)

Year

recapture*

was

qualified

carbon

oxide

(1) 1st

2022

2021

2020

(2) 2nd

(3) 3rd

(4) Total. Add

rows (1)

through (3).

(5) Subtract Part II, line 5,

from column (D), row (4).

Metric tons of carbon

oxide not subject to

recapture due to

look-back being limited

to THREE calendar

years.

13

Provide a copy of Parts I and II to each owner of the disposal site or EOR project during the current and THREE previous calendar years.

Model Certificate RECAPTURE

38

Instructions for Form 8933 (Rev. 12-2023)

Page 3

Recapture Certification (continued)

Under penalties of perjury, I attest that I am an officer of the company that’s the operator of the subject geologic disposal site or the subject EOR

project or have been designated by the operating interest owners to prepare and submit this certificate to the IRS on their behalf. I further attest that

the above qualified carbon oxide sequestration credit recapture information is true and correct.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Part III. Determination of Recaptured Qualified Carbon Oxide for Supplier

Part III will be prepared by each owner of the disposal site or EOR project during the current and THREE previous calendar years. Part III will be

used to determine the amount of qualified carbon oxide sequestration credit that needs to be recaptured. A separate Part III should be completed for

each supplier of qualified carbon oxide during the current and THREE previous calendar years and a copy should be given to each supplier.

Information about you, the owner of the EOR project:

1

2

3

Name

Address

EIN

.

Information about suppliers who supplied carbon oxide during any of the THREE previous calendar years. COMPLETE A PART III FOR

EACH SUPPLIER:

4

5

6

7

8

Name

EIN

.

Name and location of carbon oxide capture facility (if supplier supplied any qualified carbon oxide)

Type of industrial facility at which the supplier captured its qualified carbon oxide .

Complete Table 5 using information from Table 3 of Model Certificate EOR for the previous THREE calendar years. Complete a separate Table

5 for each supplier of qualified carbon oxide during the previous THREE calendar years. If one supplier supplied qualified carbon oxide from

multiple facilities, complete a Table 5 for each facility.

.

Model Certificate RECAPTURE

Instructions for Form 8933 (Rev. 12-2023)

39

Page 4

Recapture Certification (continued)

Table 5 — Information About Carbon Oxide Sequestration Credit Subject to Recapture by Supplier

Supplier Name:

(H) Amount

of carbon

oxide

(I) Metric tons

(J) Amount of

of carbon oxide carbon oxide

sequestration

for which the

supplier didn’t credit for which

sequestration

(G) Metric tons of

carbon oxide for

which the

credit for

which the

supplier

elected to

allow you to

claim the

carbon oxide

sequestration

credit ($).

Multiply

(C) Total

metric

(E) Your

amount of

qualified

carbon

elect to allow

you to claim

the carbon

oxide

sequestration

credit (MT).

Subtract

column (G)

from column

(E).

the supplier

didn’t elect to

allow you to

claim the

carbon oxide

sequestration

credit ($).

Multiply

column (I) by

column (F).

(D) Total

(F) Rate of

tons of

stored

(A)

Year

prior

metric tons of

stored carbon

oxide subject

to recapture

carbon oxide supplier elected

sequestration to allow you to

(B)

Year carbon

oxide

credit for the claim the carbon

subject to

recapture

year ($/MT)

oxide

from

Table 2

sequestration

credit (MT)

column (G)

by column

(F).

(1) 1st 2022

(2) 2nd 2021

(3) 3rd 2020

(4) Total metric tons. Add rows (1) through (3)

.

(5) Amount of carbon oxide sequestration credit you must recapture this year for carbon oxide

supplied by this supplier. Add rows (1) through (3). Add to your Form 8933, Part III,

line 22

.

(6) Total metric tons. Add rows (1) through (3)

.

(7) Amount of carbon oxide sequestration credit the supplier of carbon oxide must recapture this year. Add rows (1) through

(3). The supplier must add this amount to its Form 8933, Part III, line 22

.

Under penalties of perjury, I attest that I am an officer of the company that’s the owner of the subject geologic disposal site or the subject EOR

project. I further attest that the above information is true and correct and that I have provided a signed copy of this completed recapture certificate to

each person.

Signature and date signed

Printed or typed name of person signing this report

Title

Company's name and EIN

Model Certificate RECAPTURE

40

Instructions for Form 8933 (Rev. 12-2023)

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the

United States. You are required to give us the information. We need it to ensure that you are complying with these laws

and to allow us to figure and collect the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act

unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be

retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax

returns and return information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden

for individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123

and is included in the estimates shown in the instructions for their individual and business income tax return. The

estimated burden for all other taxpayers who file this form is shown below.

Recordkeeping. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 hr., 43 min.

Learning about the law or the form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 hr., 9 min.

Preparing and sending the form to the IRS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 hr., 39 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,

we would be happy to hear from you. See the instructions for the tax return with which this form is filed.

Instructions for Form 8933 (Rev. 12-2023)

41

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