The Senators request that the upcoming IRS guidance for the Section 45V Clean Hydrogen Production Tax Credit be flexible and avoid overly stringent eligibility criteria that could suppress i…
The Senators request that the upcoming IRS guidance for the Section 45V Clean Hydrogen Production Tax Credit be flexible and avoid overly stringent eligibility criteria that could suppress investment and production. Overly prescriptive guidance risks delaying clean hydrogen projects and hampering the development of a robust clean hydrogen market. The Senators urge the agencies to issue timely guidance that will ensure the tax credit plays a key role in reducing emissions and creating jobs, as intended by Congress.
Original Description:
Sen. Maria Cantwell and others send a letter to Treasury on 45V tax credit
The Senators request that the upcoming IRS guidance for the Section 45V Clean Hydrogen Production Tax Credit be flexible and avoid overly stringent eligibility criteria that could suppress i…