### Question
How does the law define qualified facility?


### Answer
Under *26 U.S.C. § 45Q*, **qualified facility** is defined as:

> any industrial facility—


(1) which is owned by the taxpayer,


(2) at which carbon capture equipment is placed in service, and


(3) which captures not less than 500,000 metric tons of carbon dioxide during the taxable year

#### Citation:
  - *26 U.S.C. § 45Q*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

