The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations regarding the Production Tax Credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code, as enacted under the Inflation Reduction Act (IRA). Comments to the proposed regulations are due 60 days after the proposed regulations are published in the Federal Register, which is expected on December 26. In conjunction with the proposed regulations, the U.S. Department of Energy also released a whitepaper on the considerations related to the credit.
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