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IRS Releases Notice Providing Hydrogen Tax Credit Emissions Information
Thursday, April 11, 2024

The IRS released a notice providing guidance on emissions information gathering for taxpayers pursuing the 45V hydrogen production tax credit. The guidance details additional information for taxpayers to request an emissions value from the Department of Energy to petition the Secretary of the Treasury for a determination of a provisional emissions rate. Finally, the guidance solicits comments from stakeholders on the proposed rules released December 2023 covering the emissions value request process.

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