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2024-31513 · Final rule

Credit for Production of Clean Hydrogen and Energy Credit

Jurisdiction
Federal
Current status
Final Rule
Issuing body / sponsor
Treasury Department

Verify the effective date, covered entities, and operative text.

Latest action

Final regulations.

Jan 10, 2025

Subject areas

CarbonCertification & StandardsEnergyTax Incentives

Policy mechanisms

Emissions standard

Tracker tags, not legal conclusions.

Quick summary

This document contains final regulations implementing the credit for production of clean hydrogen and certain provisions of the energy credit as enacted by the Inflation Reduction Act of 2022. The regulations provide rules for: determining lifecycle greenhouse gas emissions rates resulting from hydrogen production processes; petitioning for provisional emissions rates; verifying production and sale or use of clean hydrogen; modifying or retrofitting existing qualified clean hydrogen production facilities;…

Read full summary

This document contains final regulations implementing the credit for production of clean hydrogen and certain provisions of the energy credit as enacted by the Inflation Reduction Act of 2022. The regulations provide rules for: determining lifecycle greenhouse gas emissions rates resulting from hydrogen production processes; petitioning for provisional emissions rates; verifying production and sale or use of clean hydrogen; modifying or retrofitting existing qualified clean hydrogen production facilities; using electricity from certain renewable or zero-emissions sources to produce qualified clean hydrogen; and electing to treat part of a specified clean hydrogen production facility instead as property eligible for the energy credit. These regulations affect all taxpayers who produce qualified clean hydrogen and claim the clean hydrogen production credit, elect to treat part of a specified clean hydrogen production facility as property eligible for the energy credit, or produce electricity from certain renewable or zero-emissions sources used by taxpayers or related persons to produce qualified clean hydrogen.

Source-provided or tracker summary; not operative legal text.

Linked record: federalregister.gov. Inspect the source before relying on the tracker’s interpretation.

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