Alerts1.6.25

Treasury Department Releases Final Rules for Section 45V Clean Hydrogen Tax Credit

Treasury Department Releases Final Rules for Section 45V Clean Hydrogen Tax Credit

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

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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