CAtax_creditpct_of_investment

Enhanced Oil Recovery Tax Credit

ENHANCED-OIL-RECOVERY · California

Summary

Credit for qualified enhanced oil recovery costs (including CO2 injection and cyclic steaming). References federal IRC Section 43 Enhanced Oil Recovery Credit. Available to oil and gas producers only.

Benefit

Percentage: —
Flat: —
Duration: —
Max annual: — (taxpayer)
Max total: — (taxpayer)
Carryforward: —

Program metadata

Distribution: taxpayer_earned
Claimant subject: business
Refund/transfer election: none
Program family: —
Effective: —
Sunset: —
Application deadline: —
Transfer discount: —

Hard requirements (1)

industry_keywordTaxpayer must be engaged in California oil and gas production

Preference / tiering rules (0)

None.

NAICS industries (1)

2111 Oil and Gas Extraction

Geo zones (0)

Statewide / none specified.

Tags (2)

federal_reference: irc_section_43
incorporates_federal_definitions: true

Tax bases

corporate_income_taxprimary

Source

https://www.ftb.ca.gov/forms/credit-table.html

FTB Form 3546 (Enhanced Oil Recovery)

Last verified: 2026-04-15

Incorporates federal IRC §43 Enhanced Oil Recovery Credit framework.