Treasury Finalizes Rules for Clean Hydrogen Production Tax Credit (Section 45V)

Over a year since Treasury released proposed rules—after thousands of public comments and various hearings, think pieces, whitepapers, Op-Eds, and, yes, even TV commercials—on January 3, 2025, Treasury finalized rules for implementing the IRA’s Clean Hydrogen Production Tax Credit, otherwise known by its Tax Code designation, Section 45V. The hydrogen credit is meant, along with other federal policies, to jumpstart a still-nascent clean hydrogen industry in the United States....
By: Foley Hoag LLP

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