Form 8933 Carbon Dioxide Sequestration Credit

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Form

8933

(Rev. December 2022)
Department of the Treasury
Internal Revenue Service
Name(s) shown on return

Part I

Carbon Oxide Sequestration Credit

OMB No. 1545-2132

Attach to your tax return.
Go to www.irs.gov/Form8933 for instructions and the latest information.

Attachment
Sequence No.

165

Identifying number

Information About You

DRAFT AS OF
October 25, 2022
DO NOT FILE

Check the applicable box(es). See instructions before completing this form.
1
2
3

Captured qualified carbon oxide during the tax year . . . . . . . . . . . . . . . . . . . . . .
Physically disposed, used, or utilized captured qualified carbon oxide during the tax year . . . . . . . . .
Elected to allow another taxpayer to claim the carbon oxide sequestration credit that you would’ve otherwise
entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Another taxpayer elected to allow you to claim the carbon oxide sequestration credit that they would’ve otherwise
entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4
5
6
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8

Part II
1

. .
. .
been
. .
been
. .
. .
. .
. .
. .

Facilities at Which Qualified Carbon Oxide Qualifies for a Credit Under Section 45Q(a)(1) or (2), or 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 before February 9, 2018, disposed of in secure geological storage, and not
used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor
utilized as described in section 45Q(f)(5).
a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . .
1a
b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . .
1b
c Multiply line 1a by line 1b
. . . . . . . . . . . . . . . . . . . . . . . . .
2
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility before February 9, 2018, disposed of in secure geological storage, and used
as a tertiary injectant in a qualified enhanced oil or natural gas recovery project.

1c

a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . .
2a
b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . .
2b
c Multiply line 2a by line 2b
. . . . . . . . . . . . . . . . . . . . . . . . .
3
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility before February 9, 2018, and utilized as described in section 45Q(f)(5).
a Metric tons captured and utilized and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF and UTZ . . . . . . . . . . . .
3a
b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . .
3b
c Multiply line 3a by line 3b
. . . . . . . . . . . . . . . . . . . . . . . . .

Part III

2c

3c

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, 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).

4

a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . .
4a
b Section 45Q(a)(3) applicable dollar amount (see instructions) . . . . . .
4b
c Multiply line 4a by line 4b
. . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 37748H

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4c
Form 8933 (Rev. 12-2022)

Page 2

Form 8933 (Rev. 12-2022)

Part III
5

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, during the 12-year period beginning on the
date the equipment was originally placed in service, disposed of in secure geological storage,
and used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project.
a

DRAFT AS OF
October 25, 2022
DO NOT FILE

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, EOR-Operator, and EOR-Owner . . . .
5a
b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . .
5b
c Multiply line 5a by line 5b
. . . . . . . . . . . . . . . . . . . . . . . . .
6
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, during the 12-year period beginning on the date
the equipment was originally placed in service, and utilized as described in section 45Q(f)(5).
a

Metric tons captured and utilized and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF and UTZ . . . . . . . . . . . .
6a
b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . .
6b
c Multiply line 6a by line 6b
. . . . . . . . . . . . . . . . . . . .

Part IV

.

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.

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5c

6c

Qualified Direct Air Capture Facilities Under Section 45Q(d) Placed in Service After 2022

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

7

a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . .
7a
b Section 45Q(b)(1)(B)(i) applicable dollar amount (see instructions) . . . .
7b
c Multiply line 7a by line 7b
. . . . . . . . . . . . . . . . . . . .

8

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.

.

.

.

7c

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified direct air capture facility after 2022, during the 12-year period beginning on the date
the equipment was originally placed in service, disposed of in secure geological storage, and
used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project.
a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF, DISP-Operator, and DISP-Owner . . . .
8a
b Section 45Q(b)(1)(B)(ii) applicable dollar amount (see instructions) . . . .
8b
c Multiply line 8a by line 8b
. . . . . . . . . . . . . . . . . . . . . . . . .
9
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified direct air capture 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).

8c

a

Metric tons captured and utilized and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit. See instructions for
attaching Model Certificates CF and UTZ . . . . . . . . . . . .
9a
b Section 45Q(b)(1)(B)(ii) applicable dollar amount (see instructions) . . . .
9b
c Multiply line 9a by line 9b
. . . . . . . . . . . . . . . . . . . .

.

.

.

.

.

9c
Form 8933 (Rev. 12-2022)

Page 3

Form 8933 (Rev. 12-2022)

Part V
10
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12
13

Other Information

Check the box if you’re making the election under section 45Q(b)(3) . . . . . . . . . .
Check the box if you’re making the election under section 45Q(f)(6) . . . . . . . . . . .
Check the box if you’re making the election under section 45Q(f)(9) . . . . . . . . . . .
Carbon oxide sequestration credit that another taxpayer elected under section 45Q(f)(3)(B) to
allow you to claim. See instructions for attaching Model Certificates ELECT, EOR-Owner,
DISP-Owner, and UTZ. Provide basic information for the three largest elections (in dollars) on
lines 13a, 13b, and 13c; report all others on line 13e.

DRAFT AS OF
October 25, 2022
DO NOT FILE
(i) EIN of electing
taxpayer

(ii) Metric tons
elected

(iii) Credit
rates

(iv) Credit elected.
Multiply column (ii)
by column (iii).

a
b
c
d Add lines 13a, 13b, and 13c in column (iv) . . . . . . . . . . . .
13d
e Report all other carbon oxide sequestration credit that another taxpayer
elected under section 45Q(f)(3)(B) to allow you to claim. See instructions . .
13e
f Add lines 13d and 13e . . . . . . . . . . . . . . . . . . . . . . . . . .
14
Carbon oxide sequestration credit from partnerships and S corporations (see instructions) . . . .
15
Add lines 1c, 2c, 3c, 4c, 5c, 6c, 7c, 8c, 9c, 13f, and 14. Partnerships and S corporations, report this
amount on Schedule K. All others, report this amount on Form 3800, Part III, line 1x . . . . . .
16
Carbon oxide sequestration credit recaptured. See instructions for attaching Model Certificate
RECAPTURE and for reporting this amount on the appropriate line of your return . . . . . . .

13f
14
15

16
Form 8933 (Rev. 12-2022)