Form 8933 Carbon Oxide Sequestration Credit

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Form

8933

(Rev. December 2023)
Department of the Treasury
Internal Revenue Service
Name(s) shown on return

Part I

Carbon Oxide Sequestration Credit

OMB No. 1545-2132

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

Attachment
Sequence No.

165

Identifying number

Information About You

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 28, 2023
DO NOT FILE
Check the applicable box(es). See instructions before completing this form.
1
2
3

You have obtained an analysis of lifecycle greenhouse gas emissions (LCA) approved by the IRS . . . . . . . . .
You physically or contractually ensured the capture of qualified carbon oxide during the tax year . . . . . . . . .
You physically or contractually ensured the disposal, usage as a tertiary injectant in a qualified enhanced oil or natural gas
recovery project, or utilization of captured qualified carbon oxide during the tax year . . . . . . . . . . . . .
You elected to allow another taxpayer to claim the carbon oxide sequestration credit that you would’ve otherwise been
entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Another taxpayer elected to allow you to claim the carbon oxide sequestration credit that they would’ve otherwise been
entitled to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4
5
6
7
8

Part II
1
2
3
4

a

Information About Facility (see instructions)

IRS-issued registration number for the facility:
Facility’s EPA e-GGRT ID number(s), if available:
Type and description of facility you are claiming (see instructions):
Location of facility, including coordinates (latitude and longitude).
Address of the facility (if applicable):

b Coordinates (if applicable). Latitude:

.

Longitude:

Enter a “+” (plus) or “-” (minus) sign in the first box.

5
6
7

.

Enter a “+” (plus) or “-” (minus) sign in the first box.

Date construction began (MM/DD/YYYY):
Date placed in service (MM/DD/YYYY):
Total metric tons of carbon oxide captured during the calendar year:

Part III

Credit Calculations

Section A— Facilities at Which Qualified Carbon Oxide Qualifies for a Credit Under Section 45Q(a)(1) or (2) for Which an
Election Was Made Under Section 45Q(b)(3)
1

Qualified carbon oxide captured using carbon capture equipment originally placed in service
at a qualified facility on or after February 9, 2018, and before 2023, disposed of in secure
geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas
recovery project, nor utilized as described in section 45Q(f)(5).
a

Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . . .
1a
1b
b Inflation-adjusted credit rate (see instructions)
. . . . . . . . . .
c Multiply line 1a by line 1b. See instructions for attaching Model Certificates CF, DISP-Operator, and
DISP-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, and before 2023, disposed of in secure
geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas
recovery project.
a Metric tons captured and injected and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . . .
2a
2b
b Inflation-adjusted credit rate (see instructions)
. . . . . . . . . .
c Multiply line 2a by line 2b. See instructions for attaching Model Certificates CF, EOR-Operator, and
EOR-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

a

1c

2c

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, and before 2023, and utilized as described in
section 45Q(f)(5).
Metric tons captured and utilized and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . .
3a

For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 37748H

Form 8933 (Rev. 12-2023)

Page 2

Form 8933 (Rev. 12-2023)

Part III

Credit Calculations (continued)

Section A— Facilities at Which Qualified Carbon Oxide Qualifies for a Credit Under Section 45Q(a)(1) or (2) for Which an
Election Was Made Under Section 45Q(b)(3) (continued)
3b
b Inflation-adjusted credit rate (see instructions) . . . . . . . . . . .
c Multiply line 3a by line 3b. See instructions for attaching Model Certificates CF and UTZ

.

.

.

.

3c

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 28, 2023
DO NOT FILE
4

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility after 2022, disposed of in secure geological storage, and not used as a
tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as
described in section 45Q(f)(5).
a
Satisfies prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
4a
b
Doesn’t satisfy prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
4b
c Enter the amount from line 4a or 4b, whichever is applicable. See instructions for attaching Model
Certificates CF, DISP-Operator, and DISP-Owner
. . . . . . . . . . . . . . . . .

4c
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility after 2022, disposed of in secure geological storage, and used as a tertiary
injectant in a qualified enhanced oil or natural gas recovery project.
a
Satisfies prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
5a
b
Doesn’t satisfy prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
5b
c Enter the amount from line 5a or 5b, whichever is applicable. See instructions for attaching Model
Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . .
5c
6
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility after 2022, and utilized as described in section 45Q(f)(5).
a
Satisfies prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
6a
b
Doesn’t satisfy prevailing wage and apprenticeship requirements*
x Credit rate:
(see instructions) . . .
6b
c Enter the amount from line 6a or 6b, whichever is applicable. See instructions for attaching Model
Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . .
6c
* Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit.
Section B— Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3)
5

7

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period
beginning on the date the equipment was originally placed in service, disposed of in secure
geological storage, and not used as a tertiary injectant in a qualified enhanced oil or natural gas
recovery project, nor utilized as described in section 45Q(f)(5).
a Metric tons captured and disposed of and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . . .
7a
b Section 45Q(a)(3) applicable dollar amount (see instructions) . . . . . .
7b
c Multiply line 7a by line 7b. See instructions for attaching Model Certificates CF, DISP-Operator, and
DISP-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period
beginning on the date the equipment was originally placed in service, disposed of in secure
geological storage, and used as a tertiary injectant in a qualified enhanced oil or natural gas
recovery project.
a Metric tons captured and injected and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . . .
8a
b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . .
8b
c Multiply line 8a by line 8b. See instructions for attaching Model Certificates CF, EOR-Operator, and
EOR-Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7c

8c
Form 8933 (Rev. 12-2023)

Page 3

Form 8933 (Rev. 12-2023)

Part III

Credit Calculations (continued)

Section B— Qualified Facilities Under Section 45Q(a)(3) or (4) for Which No Election Was Made Under Section 45Q(b)(3) (continued)
9

Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility on or after February 9, 2018, and before 2023, during the 12-year period
beginning on the date the equipment was originally placed in service, and utilized as described
in section 45Q(f)(5).

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 28, 2023
DO NOT FILE
a

Metric tons captured and utilized and for which you didn’t elect for another
taxpayer to claim the carbon oxide sequestration credit . . . . . . .
9a
b Section 45Q(a)(4) applicable dollar amount (see instructions) . . . . . .
9b
c Multiply line 9a by line 9b. See instructions for attaching Model Certificates CF and UTZ

.

.

.

.

9c

Qualified carbon oxide captured using carbon capture equipment originally placed in service
at a qualified facility after 2022, during the 12-year period beginning on the date the equipment
was originally placed in service, disposed of in secure geological storage, and not used as a
tertiary injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as
described in section 45Q(f)(5).

10

a

Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $85
10a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $17
10b
c Enter the amount from line 10a or 10b, whichever is applicable. See instructions for attaching Model
Certificates CF, DISP-Operator, and DISP-Owner
. . . . . . . . . . . . . . . . .

11

10c

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

a

Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $60
11a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $12
11b
c Enter the amount from line 11a or 11b, whichever is applicable. See instructions for attaching Model
Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . .

11c
Qualified carbon oxide captured using carbon capture equipment originally placed in service at
a qualified facility after 2022, during the 12-year period beginning on the date the equipment
was originally placed in service, and utilized as described in section 45Q(f)(5).
a
Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $60
12a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $12
12b
c Enter the amount from line 12a or 12b, whichever is applicable. See instructions for attaching Model
Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . .
12c
* Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit.
Section C— Qualified Direct Air Capture (DAC) Facilities Under Section 45Q(d) Placed in Service After 2022
12

Qualified carbon oxide captured using DAC equipment originally placed in service at a qualified
DAC facility after 2022, during the 12-year period beginning on the date the equipment was
originally placed in service, disposed of in secure geological storage, and not used as a tertiary
injectant in a qualified enhanced oil or natural gas recovery project, nor utilized as described in
section 45Q(f)(5).

13

a

Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $180 13a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $36
13b
c Enter the amount from line 13a or 13b, whichever is applicable. See instructions for attaching Model
Certificates CF, DISP-Operator, and DISP-Owner . . . . . . . . . . . . . . . . . .

13c
Form 8933 (Rev. 12-2023)

Page 4
Credit Calculations (continued)
Section C— Qualified Direct Air Capture (DAC) Facilities Under Section 45Q(d) Placed in Service After 2022 (continued)

Form 8933 (Rev. 12-2023)

Part III
14

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

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 28, 2023
DO NOT FILE
a

Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $130 14a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $26
14b
c Enter the amount from line 14a or 14b, whichever is applicable. See instructions for attaching Model
Certificates CF, EOR-Operator, and EOR-Owner . . . . . . . . . . . . . . . . . .

15

14c

Qualified carbon oxide captured using DAC equipment originally placed in service at a qualified
DAC facility after 2022, during the 12-year period beginning on the date the equipment was
originally placed in service, and utilized as described in section 45Q(f)(5).

a

Satisfies prevailing wage and apprenticeship
requirements* . . . . . . . . . . .
x $130 15a
b
Doesn’t
satisfy
prevailing
wage
and
apprenticeship requirements* . . . . . .
x $26
15b
c Enter the amount from line 15a or 15b, whichever is applicable. See instructions for attaching Model
Certificates CF and UTZ . . . . . . . . . . . . . . . . . . . . . . . . . .
15c
* Check the box and enter metric tons captured and disposed of and for which you didn’t elect for another taxpayer to claim the credit.
Section D— Other Information
16
Check the box if you’re making the election under section 45Q(b)(3) . . . . . . . . . .
17
Check the box if you’re making the election under section 45Q(f)(6) . . . . . . . . . . .
18
Check the box if you’re making the election under section 45Q(f)(9) . . . . . . . . . . .
19
Carbon oxide sequestration credit that another taxpayer elected under section 45Q(f)(3)(B) to
allow you to claim. See instructions for attaching Model Certificates ELECT, EOR-Owner,
DISP-Owner, and UTZ. Provide basic information for the three largest elections (in dollars) on
lines 19a, 19b, and 19c; report all others on line 19e.
(i) EIN of electing
taxpayer

(ii) Metric tons
elected

(iii) Credit
rates

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

a
b
c
d Add lines 19a, 19b, and 19c in column (iv) . . . . . . . . . . . .
19d
e Report all other carbon oxide sequestration credit that another taxpayer
elected under section 45Q(f)(3)(B) to allow you to claim. See instructions . .
19e
f Add lines 19d and 19e . . . . . . . . . . . . . . . . . . . . . . .
20
Carbon oxide sequestration credit from partnerships and S corporations (see instructions) .
21

22

.
.

.
.

.
.

Add lines 1c, 2c, 3c, 4c, 5c, 6c, 7c, 8c, 9c, 10c, 11c, 12c, 13c, 14c, 15c, 19f, and 20. Partnerships
and S corporations, report this amount on Schedule K. All others, report this amount on Form 3800,
Part III, line 1x . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Carbon oxide sequestration credit recaptured. See instructions for attaching Model Certificate
RECAPTURE and for reporting this amount on the appropriate line of your return . . . . . . .

19f
20

21
22
Form 8933 (Rev. 12-2023)