Notice 2024-52: Reference price for section 45I credit for production of natural gas from marginal wells

Type
:
Obligation
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Jul
,
2024
Docxster’s Summary

The IRS has issued Notice 2024-52, which provides guidance on the reference price for production of gas from marginal wells. The notice explains how the reference price is determined and how it affects the calculation of the marginal well production credit. It also includes examples to illustrate the application of the reference price.

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Source :
KPMG
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