An Examination of Section 45V Clean Hydrogen Production Tax Credit
Article from: OGEL 4 (2024), in Energy Transition
Summary
On December 22, 2023, the United States Treasury and the Internal Revenue Service (IRS) provided a long-awaited definition for 'clean hydrogen' in the proposed regulations interpreting the clean hydrogen production tax credit under Section 45V of the Internal Revenue Code of 1986. The definition of clean hydrogen under the Section 45V proposed regulations has drawn an unprecedented amount of attention and lobbying on all sides of the debate. The stakes are high because the 'clean hydrogen' label is the key to securing a broad array of federal government benefits and subsidies, including ...