03 January 2025

Final regulations issued for IRC Section 45V clean hydrogen production credit

The IRS and Treasury Department have released final regulations (TD 10023) under IRC Section 45V related to the credit for the production of clean hydrogen created by the Inflation Reduction Act. The final regulations provide rules for determining lifecycle greenhouse gas emissions rates, petitioning for provisional emissions rates and verifying the production and the sale or use of clean hydrogen, among other things. The final regulations adopt the proposed regulations from December 2023 (see Tax Alert 2024-0131) with some modifications. A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2025-0118