UCS Testimony on the Clean Hydrogen Production Tax Credit
Union of Concerned Scientists
MARCH 25, 2024
Department of the Treasury (Treasury) to carefully implement multiple new Inflation Reduction Act (IRA) tax credits, including the Section 45V Credit for Production of Clean Hydrogen (“45V”). UCS supports Treasury’s proposed temporal-matching requirement, with a phase-in of hourly matching by 2028 with no exemptions for legacy producers.
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