### Question
How does CREDITS AGAINST TAX define qualified enhanced oil recovery costs?


### Answer
Under *26 U.S.C. § 43*, **qualified enhanced oil recovery costs** is defined as:

> any of the following:



(A) Any amount paid or incurred during the taxable year for tangible property—



(i) which is an integral part of a qualified enhanced oil recovery project, and



(ii) with respect to which depreciation (or amortization in lieu of depreciation) is allowable under this chapter

#### Citation:
  - *26 U.S.C. § 43*
  - 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**

