Treasury Releases Final Rules for Hydrogen Tax Credit

The final rules on hydrogen tax credit include safeguards proposed in December 2023 but with additional flexibility, according to the Treasury Department.
Treasury Releases Final Rules for Hydrogen Tax Credit
President Joe Biden speaks about Bidenomics, announcing clean manufacturing investments in regional clean hydrogen hubs at Tioga Marine Terminal in Philadelphia, Pa., on Oct. 13, 2023. Madalina Vasiliu/The Epoch Times
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The Treasury Department released final guidance on Friday outlining the requirements that facilities must meet to receive the hydrogen tax credit established by the Inflation Reduction Act (IRA).

The department stated that the final rules include safeguards proposed in December 2023 but with the flexibility to include hydrogen made from natural gas with carbon capture, renewable natural gas, and coal mine methane to qualify for the tax credit of up to $3 per kilogram.