Tax News Update    Email this document    Print this document  

April 30, 2024
2024-1568

The Taxation of Energy Transitions: Clean Hydrogen Production (Tax Analysts)

In a recent article published in Tax Analysts’ Tax Notes, Greg Matlock, a principal and global energy and resources industry tax leader, and Christine Chai, a manager in the National Tax Department of EY LLP, discussed the new Section 45V credit for hydrogen production.

In this article, Matlock and Chai examine the Section 45V credit for clean hydrogen production and the proposed regulations under Section 45V. The new Section 45V credit for hydrogen production, first introduced with the enactment of the Inflation Reduction Act (IRA), is a leading incentive for the U.S. production of clean hydrogen.  Learn more in the attached article.

* * * * * * * * * *
Attachment

The Taxation of Energy Transitions: Clean Hydrogen Production

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement