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Versions of s. 127.44(14.1)(b)(ii)

I-3.3 — Income Tax Act · 1 version · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2024-06-20 to present available View Source

    a qualified carbon storage expenditure in respect of a qualified CCUS project does not include the cost of property to the extent that the property is expected to support the storage of carbon in a geological formation located in a jurisdiction that, at the time that the particular expenditure is incurred, is not dedicated geological storage because it is located in a jurisdiction that is not a designated jurisdiction or is not authorized and regulated for the storage of captured carbon under the laws of a designated jurisdiction; and