Galen Bower

Jan 4, 2024 | rhg.com | Ben King |John Larsen |Galen Bower

As 2023 was coming to a close, the Internal Revenue Service (IRS) released greatly anticipated proposed guidance on the clean hydrogen production tax credit on December 22. This is the first major step in implementing this new tax credit, also called 45V after its position in the tax code, which is part of a suite of clean energy incentives in the Inflation Reduction Act (IRA).