Treasury Department Releases Final Rules for Section 45V Clean Hydrogen Tax Credit
Highlights
• U.S. Department of the Treasury has released the long-awaited final rules for the Section 45V clean hydrogen production tax credit. They become effective Jan. 10, 2025
• The final rules reflect a careful balancing act between the need to spur investment in emerging hydrogen technologies and preserving high standards for environmental performance
• Whether the changes are too little too late to satisfy stakeholders and how the new administration will react to them remain to be seen
On Jan. 3, 2025, the U.S. Department of the Treasury and the Internal Revenue Service released the long-awaited final rules for the Section 45V clean hydrogen production tax credit. These rules clarify eligibility criteria and compliance requirements for hydrogen producers looking to claim a credit of up to $3 per kilogram of clean hydrogen.
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